TROW - T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR DECEMBER 2023
PR Newswire
BALTIMORE , Jan. 11, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.45 trillion as of December 31, 2023. Preliminary net outflows were $9.4 billion for December 2023 , and $28.3 billion for the quarter-ended December 31, 2023 , bringing preliminary year-to-date net outflows to $81.8 billion .
The below table shows the firm's assets under management as of December 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) |
|
12/31/2023 |
|
11/30/2023 |
|
9/30/2023 |
|
12/31/2022 |
|
|
|
|
|
|
|
|
|
Equity |
|
744 |
|
717 |
|
690 |
|
664 |
Fixed income, including money market |
|
170 |
|
168 |
|
169 |
|
167 |
Multi-asset |
|
483 |
|
462 |
|
440 |
|
400 |
Alternatives |
|
48 |
|
47 |
|
47 |
|
44 |
Total assets under management |
|
1,445 |
|
1,394 |
|
1,346 |
|
1,275 |
|
Target date retirement products |
|
408 |
|
391 |
|
372 |
|
334 |
(a) Preliminary - subject to adjustment |
|
|
|
|
|
|
|
|
Q4 2023 Earnings Release and Earnings Call
T. Rowe Price will release Q4 2023 earnings on Thursday, February 8, 2024 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
About T. Rowe Price
Founded in 1937, T. Rowe Price (NASDAQ - GS: TROW) helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management approach of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price manages $1.45 trillion in assets under management as of December 31, 2023, and serves millions of clients globally. News and other updates can be found on Facebook , Instagram , LinkedIn , X , YouTube , and troweprice.com/newsroom .
SOURCE T. Rowe Price Group
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