BALTIMORE, Oct. 11, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.35 trillion as of September 30, 2023. Preliminary net outflows were $4.2 billion for September 2023 and $17.4 billion for the quarter-ended September 2023.
The below table shows the firm's assets under management as of September 30, 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) |
| 9/30/2023 |
| 8/31/2023 |
| 6/30/2023 |
| 12/31/2022 |
|
|
|
|
|
|
|
|
|
Equity |
| $ 690 |
| $ 730 |
| $ 732 |
| $ 664 |
Fixed income, including money market |
| 169 |
| 169 |
| 169 |
| 167 |
Multi-asset |
| 440 |
| 457 |
| 453 |
| 400 |
Alternatives |
| 47 |
| 46 |
| 45 |
| 44 |
Total assets under management |
| $ 1,346 |
| $ 1,402 |
| $ 1,399 |
| $ 1,275 |
|
|
|
|
|
|
|
|
|
Target date retirement products |
| $ 372 |
| $ 384 |
| $ 380 |
| $ 334 |
(a) Preliminary - subject to adjustment |
T. Rowe Price will release Q3 2023 earnings on Friday, October 27, 2023 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
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 Associates, Inc.