Press release
T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR AUGUST 2023
BALTIMORE, Sept. 13, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.40
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"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 $7.8 billion, including a redemption from a subadvisory client.\n\nThe below table shows the firm's assets under management as of August 31, 2023, and for the prior month-, quarter-, and year-end by asset class and in the firm's target date retirement portfolios. \nAs of\nPreliminary(a)\n(in billions)\n8/31/2023\n7/31/2023\n6/30/2023\n12/31/2022\n Equity\n$ 730\n$ 752\n$ 732\n$ 664\n Fixed income, including money market\n169\n169\n169\n167\n Multi-asset\n457\n467\n453\n400\n Alternatives\n46\n45\n45\n44\nTotal assets under management\n$ 1,402\n$ 1,433\n$ 1,399\n$ 1,275\nTarget date retirement products\n$ 384\n$ 392\n$ 380\n$ 334\n(a) Preliminary - subject to adjustment\nFounded 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.\n\n View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-august-2023-301926252.html\nSOURCE T. Rowe Price Group, Inc.","length":27135,"tagName":"div"}]