BALTIMORE, Sept. 12, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.61 trillion as of August 31, 2024. Preliminary net outflows for August 2024 were $5.3 billion.
The below table shows the firm's assets under management as of August 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) | 8/31/2024 | 7/31/2024 | 6/30/2024 | 12/31/2023 | ||||
Equity | $ 825 | $ 814 | $ 810 | $ 744 | ||||
Fixed income, including money market | 183 | 182 | 180 | 170 | ||||
Multi-asset | 553 | 541 | 529 | 483 | ||||
Alternatives | 51 | 50 | 50 | 48 | ||||
Total assets under management | $ 1,612 | $ 1,587 | $ 1,569 | $ 1,445 | ||||
Target date retirement portfolios | $ 474 | $ 464 | $ 453 | $ 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 serves millions of clients globally and manages $1.61 trillion in assets under management as of August 31, 2024. About two-thirds of the assets under management are retirement-related. 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 Group