T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR JUNE 2023

Rhea-AI Summary

T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) reported preliminary month-end assets under management of $1.40 trillion as of June 30, 2023, with net outflows of $6.7 billion for June 2023 and $20.0 billion for the quarter-ended June 2023. The company will release Q2 2023 earnings on July 28, 2023, and host an earnings call from 8:00 – 8:45 AM ET that day. T. Rowe Price is a global investment management organization founded in 1937, offering a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors.

Positive

• T. Rowe Price reported a significant increase in assets under management compared to previous months, demonstrating growth in the company's investment portfolio.

Negative

• None.

BALTIMORE, July 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 June 30, 2023. Preliminary net outflows were $6.7 billion for June 2023 and $20.0 billion for the quarter-ended June 2023.

The below table shows the firm's assets under management as of June 30, 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)		6/30/2023		5/31/2023		3/31/2023		12/31/2022
Equity		$            732		$           697		$            695		$            664
Fixed income, including money market		169		170		171		167
Multi-asset		453		434		432		400
Alternatives		45		45		44		44
Total assets under management		$         1,399		$        1,346		$         1,342		$         1,275

Target date retirement products

$            380

$           363

$            361

$            334

^{(a) Preliminary - subject to adjustment}

T. Rowe Price will release Q2 2023 earnings on Friday, July 28, 2023 at 7:00 AM ET. The company will host an earnings call from 8:00 – 8:45 AM ET that day. To access the webcast and accompanying materials, visit the company's investor relations website at: investors.troweprice.com

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.

View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-june-2023-301876609.html

SOURCE T. Rowe Price Group, Inc.

FAQ

What are T. Rowe Price Group, Inc.'s preliminary month-end assets under management as of June 30, 2023?

T. Rowe Price Group, Inc. reported preliminary month-end assets under management of $1.40 trillion as of June 30, 2023.

When will T. Rowe Price Group, Inc. release Q2 2023 earnings?

T. Rowe Price Group, Inc. will release Q2 2023 earnings on Friday, July 28, 2023 at 7:00 AM ET.

What does T. Rowe Price Group, Inc. offer?

T. Rowe Price Group, Inc. 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.