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

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BALTIMORE, Jan. 11, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.45 trillion as of December 31, 2023. Preliminary net outflows were $9.4 billion for December 2023, and $28.3 billion for the quarter-ended December 31, 2023, bringing preliminary year-to-date net outflows to $81.8 billion.

The below table shows the firm's assets under management as of December 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)		12/31/2023		11/30/2023		9/30/2023		12/31/2022
Equity		$            744		$           717		$            690		$            664
Fixed income, including money market		170		168		169		167
Multi-asset		483		462		440		400
Alternatives		48		47		47		44
Total assets under management		$         1,445		$        1,394		$         1,346		$         1,275
Target date retirement products		$            408		$           391		$            372		$            334
(a) Preliminary - subject to adjustment

 

Q4 2023 Earnings Release and Earnings Call

T. Rowe Price will release Q4 2023 earnings on Thursday, February 8, 2024 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

About T. Rowe Price

Founded in 1937, T. Rowe Price (NASDAQ - GS: TROW) helps people 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. Investors rely on the award-winning firm for its retirement expertise and active management approach of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price manages $1.45 trillion in assets under management as of December 31, 2023, and serves millions of clients globally. 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