PR Newswire
BALTIMORE , July 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 June 30, 2023. Preliminary net outflows were $6.7 billion for June 2023 and $20.0 billion for the quarter-ended June 2023 .
The below table shows the firm's assets under management as of June 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) | | 6/30/2023 | | 5/31/2023 | | 3/31/2023 | | 12/31/2022 |
| | | | | | | | |
Equity | | 732 | | 697 | | 695 | | 664 |
Fixed income, including money market | | 169 | | 170 | | 171 | | 167 |
Multi-asset | | 453 | | 434 | | 432 | | 400 |
Alternatives | | 45 | | 45 | | 44 | | 44 |
Total assets under management | | 1,399 | | 1,346 | | 1,342 | | 1,275 |
Target date retirement products | | 380 | | 363 | | 361 | | 334 |
(a) Preliminary - subject to adjustment
T. Rowe Price will release Q2 2023 earnings on Friday, July 28, 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 Group, Inc.