T. Rowe Price Group reported preliminary month-end assets under management of $1.31T as of October 31. Preliminary net outflows for October were $6.3B. As discussed on the Q3 earnings call, the firm expects outflows in November and December to be elevated based on a few large known terminations and regular seasonal patterns. The firm forecasts net outflows for each month to exceed $10B.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TROW:
- OHA is a Lead Arranger for the Private Financing Supporting BradyIFS’ Merger with Envoy Solutions
- T. ROWE PRICE GROUP DECLARES QUARTERLY DIVIDEND
- T. Rowe Price upgraded to Neutral from Sell at Citi
- T. Rowe Price price target lowered to $93 from $110 at Deutsche Bank
- T. Rowe Price price target lowered to $95 from $110 at Wells Fargo