TROW - T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR SEPTEMBER 2023
PR Newswire
BALTIMORE , Oct. 11, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.35 trillion as of September 30, 2023. Preliminary net outflows were $4.2 billion for September 2023 and $17.4 billion for the quarter-ended September 2023 .
The below table shows the firm's assets under management as of September 30, 2023, and for the prior month-, quarter-, and year-end by asset class and in the firm's target date retirement portfolios.
|
|
As of |
|
|
Preliminary (a) |
|
|
|
|
|
|
(in billions) |
|
9/30/2023 |
|
8/31/2023 |
|
6/30/2023 |
|
12/31/2022 |
|
|
|
|
|
|
|
|
|
Equity |
|
690 |
|
730 |
|
732 |
|
664 |
Fixed income, including money market |
|
169 |
|
169 |
|
169 |
|
167 |
Multi-asset |
|
440 |
|
457 |
|
453 |
|
400 |
Alternatives |
|
47 |
|
46 |
|
45 |
|
44 |
Total assets under management |
|
1,346 |
|
1,402 |
|
1,399 |
|
1,275 |
|
|
|
|
|
|
|
|
|
Target date retirement products |
|
372 |
|
384 |
|
380 |
|
334 |
(a) Preliminary - subject to adjustment |
T. Rowe Price will release Q3 2023 earnings on Friday, October 27, 2023 at 7:00 AM ET . The company will host an earnings call from 8:00 – 8:45 AM ET that day. To access the webcast and accompanying materials, visit the company's investor relations website at: investors.troweprice.com
Founded in 1937, Baltimore -based T. Rowe Price ( troweprice.com ) is a global investment management organization that provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The organization also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.
SOURCE T. Rowe Price Associates, Inc.
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