T. Rowe CEO Sees Three-Year Streak of Outflows Ending in 2025
- Investors pulled $14.9 billion from equity funds last quarter
- The pace of outflows began to subside in the past few quarters
The rate of money leaving active funds will likely slow because fees on active funds have declined.
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T. Rowe Price Group Inc., whose clients have been yanking cash for more than three years, expects the pain to ease in 2025 when actively managed funds attract cash.
“We have a path back to positive flows at some point in 2025,” Chief Executive Officer Rob Sharps said in an interview Friday after the Baltimore-based asset manager reported second-quarter results. But a return to positive flows “doesn’t necessarily mean for the full calendar year,” he added.