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T. Rowe Price Group Reports Preliminary Month-end Assets Under Management for August 2023

September 13, 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 trillion as of August 31, 2023. Preliminary net outflows for August 2023 were $7.8 billion, including a redemption from a subadvisory client.

The 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. 

   

As of
   

Preliminary(a)

            

(in billions)

  

8/31/2023

  

7/31/2023

  

6/30/2023

  

12/31/2022
                 

 Equity

  

$              730

  

$           752

  

$            732

  

$            664

 Fixed income, including money market

  

169

  

169

  

169

  

167

 Multi-asset

  

457

  

467

  

453

  

400

 Alternatives

  

46

  

45

  

45

  

44

Total assets under management

  

$         1,402

  

$        1,433

  

$         1,399

  

$         1,275

Target date retirement products

  

$            384

  

$           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.

Cision 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

SOURCE T. Rowe Price Group, Inc.

T. ROWE PRICE CONTACTS: Public Relations, Jeanne Moore, 443-938-0463, jeanne.moore@troweprice.com; Investor RelationsLinsley Carruth, 410-345-3717, linsley.carruth@troweprice.com