BALTIMORE, July 13, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.40 trillion as of June 30, 2023. Preliminary net outflows were $6.7 billion for June 2023 and $20.0 billion for the quarter-ended June 2023.
The below table shows the firm's assets under management as of June 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) | 6/30/2023 | 5/31/2023 | 3/31/2023 | 12/31/2022 | ||||
Equity | $ 732 | $ 697 | $ 695 | $ 664 | ||||
Fixed income, including money market | 169 | 170 | 171 | 167 | ||||
Multi-asset | 453 | 434 | 432 | 400 | ||||
Alternatives | 45 | 45 | 44 | 44 | ||||
Total assets under management | $ 1,399 | $ 1,346 | $ 1,342 | $ 1,275 | ||||
Target date retirement products | $ 380 | $ 363 | $ 361 | $ 334 |
(a) Preliminary - subject to adjustment
T. Rowe Price will release Q2 2023 earnings on Friday, July 28, 2023 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
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.
SOURCE T. Rowe Price Group, Inc.