PR Newswire
BALTIMORE , June 12, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.35 trillion as of May 31, 2023. Preliminary net outflows for May 2023 were $9.6 billion .
The below table shows the firm's assets under management as of May 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) | | 5/31/2023 | | 4/30/2023 | | 3/31/2023 | | 12/31/2022 |
| | | | | | | | |
Equity | | 697 | | 699 | | 695 | | 664 |
Fixed income, including money market | | 170 | | 171 | | 171 | | 167 |
Multi-asset | | 434 | | 438 | | 432 | | 400 |
Alternatives | | 45 | | 45 | | 44 | | 44 |
Total assets under management | | 1,346 | | 1,353 | | 1,342 | | 1,275 |
| ||||||||
Target date retirement products | | 363 | | 366 | | 361 | | 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.