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

Rhea-AI Summary

T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) reported preliminary month-end assets under management of $1.43 trillion as of July 31, 2023, with a net outflow of $5.4 billion in July 2023. The firm's assets under management increased by $34 billion compared to the prior quarter and $158 billion compared to the prior year. T. Rowe Price offers a variety of investment management services, including mutual funds, subadvisory services, and separate account management for individual and institutional investors.

Positive

• T. Rowe Price reported an increase in assets under management compared to the prior quarter and year, indicating positive growth. The company's diverse investment management services cater to a wide range of clients, including individual and institutional investors, retirement plans, and financial intermediaries.

Negative

• None.

BALTIMORE, Aug. 10, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.43 trillion as of July 31, 2023. Preliminary net outflows for July 2023 were $5.4 billion.

The below table shows the firm's assets under management as of July 31, 2023, 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)		7/31/2023		6/30/2023		12/31/2022
Equity		$            752		$            732		$            664
Fixed income, including money market		169		169		167
Multi-asset		467		453		400
Alternatives		45		45		44
Total assets under management		$         1,433		$         1,399		$         1,275
Target date retirement products		$            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.

View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-july-2023-301897571.html

SOURCE T. Rowe Price Group, Inc.

FAQ

What is the ticker symbol for T. Rowe Price Group, Inc.?

The ticker symbol for T. Rowe Price Group, Inc. is TROW.

What were the preliminary month-end assets under management for T. Rowe Price Group, Inc. as of July 31, 2023?

The preliminary month-end assets under management for T. Rowe Price Group, Inc. were $1.43 trillion as of July 31, 2023.

What types of investment management services does T. Rowe Price Group, Inc. offer?

T. Rowe Price Group, Inc. offers a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries.