PR Newswire
BALTIMORE , Sept. 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 August 31, 2023 . Preliminary net outflows for August 2023 were $7.8 billion , including a redemption from a subadvisory client.
The below table shows the firm's assets under management as of August 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) | | 8/31/2023 | | 7/31/2023 | | 6/30/2023 | | 12/31/2022 |
| | | | | | | | |
Equity | | 730 | | 752 | | 732 | | 664 |
Fixed income, including money market | | 169 | | 169 | | 169 | | 167 |
Multi-asset | | 457 | | 467 | | 453 | | 400 |
Alternatives | | 46 | | 45 | | 45 | | 44 |
Total assets under management | | 1,402 | | 1,433 | | 1,399 | | 1,275 |
Target date retirement products | | 384 | | 392 | | 380 | | 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.