T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR SEPTEMBER 2024
BALTIMORE, Oct. 10, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.63 trillion as of September 30, 2024. Preliminary net outflows were $4.9 billion for September 2024 and $12.2 billion for the quarter-ended September 30, 2024. Preliminary quarterly net flows include $0.8 billion of Manager-driven distributions.
The below table shows the firm's assets under management as of September 30, 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) |
9/30/2024 |
8/31/2024 |
6/30/2024 |
12/31/2023 |
||||
Equity |
$ 832 |
$ 825 |
$ 810 |
$ 744 |
||||
Fixed income, including money market |
186 |
183 |
180 |
170 |
||||
Multi-asset |
561 |
553 |
529 |
483 |
||||
Alternatives |
52 |
51 |
50 |
48 |
||||
Total assets under management |
$ 1,631 |
$ 1,612 |
$ 1,569 |
$ 1,445 |
||||
Target date retirement portfolios |
$ 482 |
$ 474 |
$ 453 |
$ 408 |
||||
(a) Preliminary - subject to adjustment |
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Q3 2024 Earnings Release and Earnings Call
T. Rowe Price will release Q3 2024 earnings on Friday, November 1, 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 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 $1.63 trillion in assets under management as of September 30, 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, and troweprice.com/newsroom.
SOURCE T. Rowe Price Group
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