Subject: ACC
T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR MAY 2024
BALTIMORE, June 12, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.54 trillion as of May 31, 2024. Preliminary net inflows for May 2024 were $6.7 billion, including a large institutional fixed income inflow.
The below table shows the firm's assets under management as of May 31, 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) | 5/31/2024 | 4/30/2024 | 3/31/2024 | 12/31/2023 | ||||
Equity | $ 790 | $ 762 | $ 803 | $ 744 | ||||
Fixed income, including money market | 180 | 169 | 171 | 170 | ||||
Multi-asset | 524 | 506 | 520 | 483 | ||||
Alternatives | 48 | 48 | 48 | 48 | ||||
Total assets under management | $ 1,542 | $ 1,485 | $ 1,542 | $ 1,445 | ||||
Target date retirement products | $ 447 | $ 432 | $ 443 | $ 408 | ||||
(a) Preliminary - subject to adjustment |
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 $1.54 trillion in assets under management as of May 31, 2024, and serves millions of clients globally. News and other updates can be found on Facebook, Instagram, LinkedIn, X, YouTube, and troweprice.com/newsroom.
SOURCE T. Rowe Price Group
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