PR Newswire
BALTIMORE , Jan. 11, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.45 trillion as of December 31, 2023. Preliminary net outflows were $9.4 billion for December 2023 , and $28.3 billion for the quarter-ended December 31, 2023 , bringing preliminary year-to-date net outflows to $81.8 billion .
The below table shows the firm's assets under management as of December 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) | | 12/31/2023 | | 11/30/2023 | | 9/30/2023 | | 12/31/2022 |
| | | | | | | | |
Equity | | 744 | | 717 | | 690 | | 664 |
Fixed income, including money market | | 170 | | 168 | | 169 | | 167 |
Multi-asset | | 483 | | 462 | | 440 | | 400 |
Alternatives | | 48 | | 47 | | 47 | | 44 |
Total assets under management | | 1,445 | | 1,394 | | 1,346 | | 1,275 |
| ||||||||
Target date retirement products | | 408 | | 391 | | 372 | | 334 |
(a) Preliminary - subject to adjustment | | | | | | | | |
Q4 2023 Earnings Release and Earnings Call
T. Rowe Price will release Q4 2023 earnings on Thursday, February 8, 2024 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
About T. Rowe Price
Founded in 1937, T. Rowe Price (NASDAQ - GS: TROW) helps people 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. Investors rely on the award-winning firm for its retirement expertise and active management approach of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price manages $1.45 trillion in assets under management as of December 31, 2023, 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