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Business has never been better globally at this EUR 1tn active asset manager, despite more investors turning to indexes

As a firm devoted to handpicking securities for its portfolios, T. Rowe Price does not compete with providers of index solutions. In fact, clients are still willing to pay for active fund management, according to its Head of Northern Europe & the Middle East.

T. Rowe Price Head Northern Europe & Middle East Jan Eggertsen | Photo: PR

Exchange traded funds have reached a record USD 6tn in AUM, doubling in size in less than four years, according to the Financial Times. Large Nordic institutions are increasingly adopting these solutions, with Finland's Varma and Ilmarinen even developing their own strategies alongside BlackRock and LGIM, respectively.

This development, however, does not worry Jan Eggertsen, head of Northern Europe & the Middle East at T. Rowe Price, even though his company is devoted to actively managed strategies.

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