2023-06-12 08:40:34 ET
- T. Rowe Price Group ( NASDAQ: TROW ) preliminary assets under management slipped to $1.346T at May 31, 2023 afrom $1.353T at April 30 as the firm saw net outflows of $9.6B during the month.
- YTD, the firm's AUM has risen 5.6%.
- Equity AUM of $697B edged down 0.3% during the month.
- Fixed income, including money market, AUM slipped to $170B from $171B.
- Multi-asset AUM of $434B dipped 0.9% from April.
- SA analyst Albert Anthony sees T. Rowe Price ( TROW ) stuck in a holding pattern with plenty of fuel.
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T. Rowe Price AUM slips 0.5% in May, hurt by outflows