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T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR AUGUST 2024

Published: 2024-09-12 12:30:00 ET

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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