BALTIMORE, June 12, 2023 /PRNewswire/ — T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.35 trillion as of May 31, 2023. Preliminary net outflows for May 2023 were $9.6 billion.
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The below table shows the firm’s assets under management as of May 31, 2023, and for the prior month-, quarter-, and year-end by asset class and in the firm’s target date retirement portfolios.
|
As of |
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|
Preliminary(a) |
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|
(in billions) |
5/31/2023 |
4/30/2023 |
3/31/2023 |
12/31/2022 |
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|
Equity |
nbsp; 697 |
nbsp; 699 |
nbsp; 695 |
nbsp; 664 |
||||
|
Fixed income, including money market |
170 |
171 |
171 |
167 |
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|
Multi-asset |
434 |
438 |
432 |
400 |
||||
|
Alternatives |
45 |
45 |
44 |
44 |
||||
|
Total assets under management |
nbsp; 1,346 |
nbsp; 1,353 |
nbsp; 1,342 |
nbsp; 1,275 |
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|
Target date retirement products |
nbsp; 363 |
nbsp; 366 |
nbsp; 361 |
nbsp; 334 |
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|
(a) Preliminary – subject to adjustment |
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.
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SOURCE T. Rowe Price Group, Inc.
