T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR JUNE 2024
BALTIMORE, July 11, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.57 trillion as of June 30, 2024. Preliminary net outflows were $2.6 billion for June 2024 and $3.7 billion for the quarter-ended June 2024. Preliminary quarterly net flows include $1.1 billion of Manager-driven distributions.
The below table shows the firm's assets under management as of June 30, 2024, 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) | 6/30/2024 | 5/31/2024 | 3/31/2024 | 12/31/2023 | ||||
Equity | $ 810 | $ 790 | $ 803 | $ 744 | ||||
Fixed income, including money market | 180 | 180 | 171 | 170 | ||||
Multi-asset | 529 | 524 | 520 | 483 | ||||
Alternatives | 50 | 48 | 48 | 48 | ||||
Total assets under management | $ 1,569 | $ 1,542 | $ 1,542 | $ 1,445 | ||||
Target date retirement products | $ 453 | $ 447 | $ 443 | $ 408 | ||||
(a) Preliminary - subject to adjustment |
Q2 2024 Earnings Release and Earnings Call
T. Rowe Price will release Q2 2024 earnings on Friday, July 26, 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 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 $1.57 trillion in assets under management as of June 30, 2024, 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 Associates, Inc.