T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR MAY 2024
T. Rowe Price Group (NASDAQ: TROW) reported preliminary month-end assets under management (AUM) of $1.54 trillion as of May 31, 2024.
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Rhea-AI Summary
T. Rowe Price Group (NASDAQ: TROW) reported preliminary month-end assets under management (AUM) of $1.54 trillion as of May 31, 2024.
The firm experienced net inflows of $6.7 billion in May, driven by a significant institutional fixed income inflow.
Assets by class at the end of May were as follows: $790 billion in equity, $180 billion in fixed income (including money market), $524 billion in multi-asset, and $48 billion in alternatives.
The target date retirement portfolios reached $447 billion in AUM. These figures are preliminary and subject to adjustment.
Positive
- T. Rowe Price reported an increase in AUM to $1.54 trillion by May 31, 2024.
- May 2024 saw net inflows of $6.7 billion.
- Equity assets rose to $790 billion from $762 billion in April 2024.
- Fixed income assets, including money market, rose to $180 billion from $169 billion in April 2024.
- Multi-asset assets increased to $524 billion from $506 billion in April 2024.
- Target date retirement portfolios increased to $447 billion from $432 billion in April 2024.
Negative
- Alternatives assets remained stagnant at $48 billion.
- Equity assets decreased to $790 billion from $803 billion at the end of Q1 2024.
Details
News Market Reaction – TROW
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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
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SOURCE T. Rowe Price Group
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