BALTIMORE, Aug. 10, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.43 trillion as of July 31, 2023. Preliminary net outflows for July 2023 were $5.4 billion.
The below table shows the firm's assets under management as of July 31, 2023, and for the prior quarter- and year-end by asset class and in the firm's target date retirement portfolios.
As of | ||||||
Preliminary(a) | ||||||
(in billions) | 7/31/2023 | 6/30/2023 | 12/31/2022 | |||
Equity | $ 752 | $ 732 | $ 664 | |||
Fixed income, including money market | 169 | 169 | 167 | |||
Multi-asset | 467 | 453 | 400 | |||
Alternatives | 45 | 45 | 44 | |||
Total assets under management | $ 1,433 | $ 1,399 | $ 1,275 | |||
Target date retirement products | $ 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.