Market Chatter: T. Rowe Price CEO Rob Sharps Predicts 'Couple of Years' to Reverse Outflows

MT Newswires Live
Aug 15

T. Rowe Price (TROW) Chief Executive Officer Rob Sharps has predicted that it will take another couple of years to reverse the outflows amid passive competition, the Financial Times reported Friday.

The company is considering options like acquisitions in growth areas in a bid to ease the ongoing strain and return to positive flows faster, the report said, citing an interview with Sharps.

"Where you see inflows at peers, it tends to be passive. It tends to be more ETF-driven. It tends to be [alternatives] and it tends to be fixed income," Sharps said, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 110.34, Change: -0.96, Percent Change: -0.86

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10