T. Rowe Price Launches Innovation Leaders ETF

New actively managed ETF offers exposure to disruptive companies across tech, healthcare and finance sectors.

Jan. 29, 2026 at 9:55am

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T. Rowe Price, a global investment management firm, has announced the launch of the T. Rowe Price Innovation Leaders ETF (Ticker: TNXT). The new active ETF is designed to provide diversified exposure to companies identified as leaders in innovation across sectors such as technology, healthcare, and financials. The ETF began trading on the NASDAQ exchange and is actively co-managed by two portfolio managers from T. Rowe Price's Multi-Asset Division.

Why it matters

The launch of the Innovation Leaders ETF provides investors with an opportunity to gain exposure to disruptive companies shaping the future across key sectors. T. Rowe Price's active management approach and deep multi-sector research aim to uncover differentiated investment ideas for clients seeking to capture long-term innovation themes in a rapidly evolving market.

The details

The T. Rowe Price Innovation Leaders ETF leverages the firm's global research platform to combine top-down analysis of innovation trends with bottom-up analysis of individual securities, to invest in market leaders across sectors. The ETF maintains a dynamic portfolio of 150-250 holdings, designed to adjust to market conditions and emerging innovation trends, while maintaining disciplined risk management. The fund has a net expense ratio of 0.49%.

  • The T. Rowe Price Innovation Leaders ETF (Ticker: TNXT) began trading on the NASDAQ exchange on January 29, 2026.

The players

T. Rowe Price

A global investment management firm and a leader in retirement, with $1.78 trillion in client assets as of December 31, 2025.

Sean McWilliams

A portfolio manager from T. Rowe Price's Multi-Asset Division, with 16 years of experience and serving as head of systematic investing.

Som Priestley

A portfolio manager from T. Rowe Price's Multi-Asset Division, with 20 years of experience and serving as head of Global Investment Solutions, Americas.

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What they’re saying

“The Innovation Leaders ETF provides investors with access to some of the most disruptive companies shaping the future across technology, healthcare, financials, and more. Powered by T. Rowe Price's deep multi‑sector research and forward‑looking active management, we're able to uncover differentiated investment ideas for clients seeking to capture long‑term innovation themes in a rapidly evolving market landscape.”

— Tim Coyne, Global Head of Exchange-Traded Funds

The takeaway

The launch of the T. Rowe Price Innovation Leaders ETF provides investors with a new actively managed option to gain exposure to disruptive companies across key sectors, leveraging T. Rowe Price's deep research capabilities and forward-looking approach to uncover innovative investment opportunities.