T. Rowe Price CEO Sees Growth in Tax-Loss Harvesting

MT newswire2026/08/31 23:33

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07:33 PM EDT, 08/31/2026 (MT Newswires) -- T. Rowe Price Group Chief Executive Officer Rob Sharps sees tax-loss harvesting as a growth area for the firm and isn't concerned about regulatory scrutiny of its offerings, Bloomberg reported Monday, citing an interview with Bloomberg Television. Sharps said the company's separately managed account business has seen the most emphasis on tax-loss harvesting and tax optimization, according to the report. He said some products in the market are likely to face more scrutiny but that he's "very comfortable" with T. Rowe's approach, according to the report.

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The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

华尔街见闻•2026/11/10 18:41