Press release
T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR MAY 2023
BALTIMORE, June 12, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.35
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"BALTIMORE, June 12, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.35 trillion as of May 31, 2023. Preliminary net outflows for May 2023 were $9.6 billion.\nThe below table shows the firm's assets under management as of May 31, 2023, and for the prior month-, quarter-, and year-end by asset class and in the firm's target date retirement portfolios.\nAs of\nPreliminary(a)\n(in billions)\n5/31/2023\n4/30/2023\n3/31/2023\n12/31/2022\n Equity\n$ 697\n$ 699\n$ 695\n$ 664\n Fixed income, including money market\n170\n171\n171\n167\n Multi-asset\n434\n438\n432\n400\n Alternatives\n45\n45\n44\n44\nTotal assets under management\n$ 1,346\n$ 1,353\n$ 1,342\n$ 1,275\nTarget date retirement products\n$ 363\n$ 366\n$ 361\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-may-2023-301848175.html\nSOURCE T. Rowe Price Group, Inc.","length":27705,"tagName":"div"}]