PR Newswire
BALTIMORE , June 12, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1 .54 trillion as of May 31, 2024. Preliminary net inflows for May 2024 were $6.7 billion , including a large institutional fixed income inflow.
The below table shows the firm's assets under management as of May 31, 2024 , 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) | | 5/31/2024 | | 4/30/2024 | | 3/31/2024 | | 12/31/2023 |
| | | | | | | | |
Equity | | 790 | | 762 | | 803 | | 744 |
Fixed income, including money market | | 180 | | 169 | | 171 | | 170 |
Multi-asset | | 524 | | 506 | | 520 | | 483 |
Alternatives | | 48 | | 48 | | 48 | | 48 |
Total assets under management | | 1,542 | | 1,485 | | 1,542 | | 1,445 |
Target date retirement products | | 447 | | 432 | | 443 | | 408 |
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(a) Preliminary - subject to adjustment |
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About T. Rowe Price
Founded in 1937, T. Rowe Price (NASDAQ – GS: TROW) helps individuals and institutions 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. Clients rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price has $1.54 trillion in assets under management as of May 31, 2024, 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