T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.45 trillion as of December 31, 2023. Preliminary net outflows were $9.4 billion for December 2023, and $28.3 billion for the quarter-ended December 31, 2023, bringing preliminary year-to-date net outflows to $81.8 billion.
The below table shows the firm’s assets under management as of December 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 |
||||||||
|
Preliminary(a) |
||||||||
|
(in billions) |
12/31/2023 |
11/30/2023 |
9/30/2023 |
12/31/2022 |
||||
|
Equity |
$ 744 |
$ 717 |
$ 690 |
$ 664 |
||||
|
Fixed income, including money market |
170 |
168 |
169 |
167 |
||||
|
Multi-asset |
483 |
462 |
440 |
400 |
||||
|
Alternatives |
48 |
47 |
47 |
44 |
||||
|
Total assets under management |
$ 1,445 |
$ 1,394 |
$ 1,346 |
$ 1,275 |
||||
|
Target date retirement products |
$ 408 |
$ 391 |
$ 372 |
$ 334 |
||||
|
(a) Preliminary – subject to adjustment |
||||||||
Q4 2023 Earnings Release and Earnings Call
T. Rowe Price will release Q4 2023 earnings on Thursday, February 8, 2024 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
About T. Rowe Price
Founded in 1937, T. Rowe Price (NASDAQ – GS: TROW) helps people 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. Investors rely on the award-winning firm for its retirement expertise and active management approach of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price manages $1.45 trillion in assets under management as of December 31, 2023, and serves millions of clients globally. News and other updates can be found on Facebook, Instagram, LinkedIn, X, YouTube, and troweprice.com/newsroom.
