T. Rowe Price Slides as September AUM Falls by 8% to $1.23T

T. Rowe Price Group (NASDAQ:TROW) reported its preliminary month-end AUM of $1.23T as of September 30, 2022 from $1.34T at the end of August.

Preliminary net outflows for the Q3 of 2022 were $24.6B, bringing preliminary year-to-date net outflows to $44.6B.

Investment vehicle AUM also reflect client transfers from mutual funds to other portfolios, including trusts and separate accounts, of $0.3B in Sept. 2022, and $3.3B for the quarter ended Sept. 30, 2022.

This brings total client transfers for the year-to-date period ended Sept. 30, 2022, to $10.3B.

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