Enhanced Investments - Financial Portal

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

Published: 2023-07-13 12:30:00 ET

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.

View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-june-2023-301876609.html

SOURCE T. Rowe Price Group, Inc.

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.