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.
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SOURCE T. Rowe Price Group, Inc.