NEW YORK -- U.S. asset manager T. Rowe Price expects "meaningfully fewer" fund outflows in 2024, CEO Robert Sharps says, adding he aims to be "back to positive in 2025."
In a recent interview with Nikkei, Sharps also touched on the outlook for U.S. tech stocks. The "Magnificent Seven" -- Alphabet, Apple, Amazon, Meta Platforms, Microsoft, Nvidia and Tesla -- drove returns in 2023. Whether that will continue depends on whether these companies "can continue to surprise on the upside from a fundamental perspective, which will be much harder now that expectations are higher."
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