T. Rowe Price Launches Analyst-Driven Mid-Cap ETF (TMID)

T. Rowe Price launched the Mid-Cap Equity Research ETF (TMID), an actively managed strategy seeking to outperform the Russell Midcap Index over a full market cycle while maintaining benchmark-like risk characteristics. TMID draws on insights from more than 30 fundamental research analysts, who select securities within their areas of expertise. The fund typically holds more than 300 stocks and keeps sector and industry weights close to the benchmark, while overweighting favored companies and underweighting or avoiding less attractive names. At least 80% of assets are invested in mid-cap equities, with stock selection intended to drive excess returns.