Press release
T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR JUNE 2023
BALTIMORE, July 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, July 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 June 30, 2023. Preliminary net outflows were $6.7 billion for June 2023 and $20.0 billion for the quarter-ended June 2023.\nThe below table shows the firm's assets under management as of June 30, 2023, and for the prior month-, quarter-, and year-end by asset class and in the firm's target date retirement portfolios.\nAs of\nPreliminary(a)\n(in billions)\n6/30/2023\n5/31/2023\n3/31/2023\n12/31/2022\n Equity\n$ 732\n$ 697\n$ 695\n$ 664\n Fixed income, including money market\n169\n170\n171\n167\n Multi-asset\n453\n434\n432\n400\n Alternatives\n45\n45\n44\n44\nTotal assets under management\n$ 1,399\n$ 1,346\n$ 1,342\n$ 1,275\nTarget date retirement products \n$ 380\n$ 363\n$ 361\n$ 334\n(a) Preliminary - subject to adjustment\nT. Rowe Price will release Q2 2023 earnings on Friday, July 28, 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\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 View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-june-2023-301876609.html\nSOURCE T. Rowe Price Group, Inc.","length":31575,"tagName":"div"}]