TROW - T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR AUGUST 2023
PR Newswire
BALTIMORE , Sept. 13, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.40 trillion as of August 31, 2023 . Preliminary net outflows for August 2023 were $7.8 billion , including a redemption from a subadvisory client.
The below table shows the firm's assets under management as of August 31, 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) |
|
8/31/2023 |
|
7/31/2023 |
|
6/30/2023 |
|
12/31/2022 |
|
|
|
|
|
|
|
|
|
Equity |
|
730 |
|
752 |
|
732 |
|
664 |
Fixed income, including money market |
|
169 |
|
169 |
|
169 |
|
167 |
Multi-asset |
|
457 |
|
467 |
|
453 |
|
400 |
Alternatives |
|
46 |
|
45 |
|
45 |
|
44 |
Total assets under management |
|
1,402 |
|
1,433 |
|
1,399 |
|
1,275 |
Target date retirement products |
|
384 |
|
392 |
|
380 |
|
334 |
(a) Preliminary - subject to adjustment
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 Group, Inc.
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