T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.61 trillion as of December 31, 2024. Preliminary net outflows were $10.9 billion for December 2024, $19.3 billion for the quarter-ended December 31, 2024, and $43.2 billion for the year. Preliminary quarterly net flows include substantially all of the previously disclosed subadvisory redemption and $0.8 billion of Manager-driven distributions.
The below table shows the firm’s assets under management as of December 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) |
12/31/2024 |
11/30/2024 |
9/30/2024 |
12/31/2023 |
||||
|
Equity |
$ 830 |
$ 859 |
$ 832 |
$ 744 |
||||
|
Fixed income, including money market |
188 |
187 |
186 |
170 |
||||
|
Multi-asset |
536 |
568 |
561 |
483 |
||||
|
Alternatives |
53 |
53 |
52 |
48 |
||||
|
Total assets under management |
$ 1,607 |
$ 1,667 |
$ 1,631 |
$ 1,445 |
||||
|
Target date retirement portfolios |
$ 476 |
$ 491 |
$ 482 |
$ 408 |
||||
|
(a) Preliminary – subject to adjustment |
||||||||
Q4 2024 Earnings Release and Earnings Call
T. Rowe Price will release Q4 2024 earnings on Wednesday, February 5, 2025 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 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 December 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,
