T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.54 trillion as of May 31, 2024. Preliminary net inflows for May 2024 were $6.7 billion, including a large institutional fixed income inflow.
The below table shows the firm’s assets under management as of May 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) |
5/31/2024 |
4/30/2024 |
3/31/2024 |
12/31/2023 |
||||
|
Equity |
$ 790 |
$ 762 |
$ 803 |
$ 744 |
||||
|
Fixed income, including money market |
180 |
169 |
171 |
170 |
||||
|
Multi-asset |
524 |
506 |
520 |
483 |
||||
|
Alternatives |
48 |
48 |
48 |
48 |
||||
|
Total assets under management |
$ 1,542 |
$ 1,485 |
$ 1,542 |
$ 1,445 |
||||
|
Target date retirement products |
$ 447 |
$ 432 |
$ 443 |
$ 408 |
||||
|
(a) Preliminary – subject to adjustment |
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 has $1.54 trillion in assets under management as of May 31, 2024, and serves millions of clients globally. News and other updates can be found on Facebook, Instagram, LinkedIn, X, YouTube
