T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR APRIL 2024
T. Rowe Price Group, Inc. reported preliminary month-end assets under management of $1.48 trillion as of April 30, 2024, with net outflows of $7.8 billion. The firm's assets under management decreased from the prior quarter, with equity, fixed income, multi-asset, and alternatives categories outlined. Target date retirement products also showed a decrease in assets.
- None.
Net outflows of $7.8 billion in April 2024 indicate a decrease in assets under management, potentially impacting the company's revenue and financial performance negatively.
The below table shows the firm's assets under management as of April 30, 2024, 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) | 4/30/2024 | 3/31/2024 | 12/31/2023 | |||
Equity | $ 762 | $ 803 | $ 744 | |||
Fixed income, including money market | 169 | 171 | 170 | |||
Multi-asset | 506 | 520 | 483 | |||
Alternatives | 48 | 48 | 48 | |||
Total assets under management | $ 1,485 | $ 1,542 | $ 1,445 | |||
Target date retirement products | $ 432 | $ 443 | $ 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 has
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SOURCE T. Rowe Price Group
