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

Rhea-AI Summary

T. Rowe Price Group, Inc. (TROW) reported preliminary month-end assets under management of $1.39 trillion as of November 30, 2023, with net outflows of $12.6 billion. The firm's assets under management for the prior month, quarter, and year-end by asset class and in the target date retirement portfolios are also provided.

Positive

• T. Rowe Price Group, Inc. (TROW) reported a significant increase in total assets under management from the prior month, quarter, and year-end, indicating strong growth in the company's investment portfolios.

Negative

• The preliminary net outflows for November 2023 were $12.6 billion, which could indicate potential challenges in retaining client investments and managing market volatility.

BALTIMORE, Dec. 12, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.39 trillion as of November 30, 2023. Preliminary net outflows for November 2023 were $12.6 billion.

The below table shows the firm's assets under management as of November 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)		11/30/2023		10/31/2023		9/30/2023		12/31/2022
Equity		$            717		$           668		$            690		$            664
Fixed income, including money market		168		168		169		167
Multi-asset		462		429		440		400
Alternatives		47		47		47		44
Total assets under management		$         1,394		$        1,312		$         1,346		$         1,275
Target date retirement products		$            391		$           364		$            372		$            334

(a) Preliminary - subject to adjustment

^{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 $1.39 trillion in assets under management as of November 30, 2023, and serves millions of clients globally. News and other updates can be found on Facebook, Instagram, LinkedIn, X, YouTube, and troweprice.com/newsroom.

T. ROWE PRICE CONTACTS:

Public Relations		Investor Relations
Jamaal Mobley		Linsley Carruth
410-345-3403		410-345-3717
jamaal.mobley@troweprice.com		linsley.carruth@troweprice.com

 

View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-november-2023-302012524.html

SOURCE T. Rowe Price Associates, Inc.; T. Rowe Price Group, Inc.

FAQ

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

T. Rowe Price Group, Inc. (TROW) reported preliminary month-end assets under management of $1.39 trillion as of November 30, 2023.

What were the net outflows for T. Rowe Price Group, Inc. (TROW) in November 2023?

The preliminary net outflows for T. Rowe Price Group, Inc. (TROW) in November 2023 were $12.6 billion.

How did T. Rowe Price Group, Inc.'s (TROW) total assets under management change from the prior month, quarter, and year-end?

T. Rowe Price Group, Inc.'s (TROW) total assets under management showed a significant increase from the prior month, quarter, and year-end, indicating strong growth in the company's investment portfolios.