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T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR AUGUST 2024

September 12, 2024

BALTIMORE, Sept. 12, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.61 trillion as of August 31, 2024. Preliminary net outflows for August 2024 were $5.3 billion.

The below table shows the firm's assets under management as of August 31, 2024, 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)

  

8/31/2024

  

7/31/2024

  

6/30/2024

  

12/31/2023
                 

 Equity

  

$            825

  

$            814

  

$            810

  

$            744

 Fixed income, including money market

  

183

  

182

  

180

  

170

 Multi-asset

  

553

  

541

  

529

  

483

 Alternatives

  

51

  

50

  

50

  

48

Total assets under management

  

$         1,612

  

$         1,587

  

$         1,569

  

$         1,445
                 

Target date retirement portfolios

  

$            474

  

$            464

  

$            453

  

$            408
                 

(a) Preliminary - subject to adjustment

                

 

About T. Rowe Price

Founded in 1937, T. Rowe Price (NASDAQ – GS: TROW) helps individuals and institutions around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Clients rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price serves millions of clients globally and manages $1.61 trillion in assets under management as of August 31, 2024. About two-thirds of the assets under management are retirement-related. News and other updates can be found on Facebook, Instagram, LinkedIn, X, YouTube, and troweprice.com/newsroom.

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SOURCE T. Rowe Price Group

T. ROWE PRICE - Public Relations, Jamaal Mobley, 410-345-3403, jamaal.mobley@troweprice.com; Investor Relations, Linsley Carruth, 410-345-3717, linsley.carruth@troweprice.com