T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR JANUARY 2023

T. Rowe Price Group (NASDAQ: TROW) announced preliminary assets under management of $1.35 trillion as of January 31, 2023.

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Rhea-AI Summary

T. Rowe Price Group (NASDAQ: TROW) announced preliminary assets under management of $1.35 trillion as of January 31, 2023. This reflects a decrease due to $5.7 billion in net outflows during January, including $1.1 billion transferred from mutual funds to target date retirement trusts.

As of January 2023, equity assets were $391 billion, fixed income at $75 billion, and multi-asset at $196 billion. Compared to December 31, 2022, total assets decreased from $1.275 trillion.

Positive

Total assets under management remain substantial at $1.35 trillion.
Equity assets increased from $370 billion to $391 billion.

Negative

Net outflows of $5.7 billion in January indicate potential investor concerns.
Overall assets under management decreased from $1.275 trillion to $1.35 trillion.

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02/10/2023 - 08:30 AM

BALTIMORE, Feb. 10, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.35 trillion as of January 31, 2023. Preliminary net outflows for January 2023 were $5.7 billion.

The below table shows the firm's assets under management as of January 31, 2023, and for the prior year-end by investment vehicle, by asset class, and in the firm's target date retirement portfolios. Investment vehicle assets under management in January 2023 also reflect client transfers from mutual funds to other portfolios of $1.1 billion, all of which were transfers to the target date retirement trusts.

	As of
	Preliminary^(a)
(in billions)	1/31/2023	12/31/2022
U.S. mutual funds
Equity	$ 391	$ 370
Fixed income, including money market	75	74
Multi-asset	196	184
	662	628
Subadvised and separate accounts and other investment products
Equity	313	294
Fixed income, including money market	96	93
Multi-asset	234	216
Alternatives	44	44
	687	647
Total assets under management	$ 1,349	$ 1,275
Target date retirement products	$ 358	$ 334
^{(a) Preliminary - subject to adjustment}

Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global investment management organization that provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The organization also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.

View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-january-2023-301743715.html

SOURCE T. Rowe Price Group, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are T. Rowe Price's total assets under management as of January 2023?

T. Rowe Price reported total assets under management of $1.35 trillion as of January 31, 2023.

How much were the net outflows for T. Rowe Price in January 2023?

T. Rowe Price experienced net outflows of $5.7 billion in January 2023.

What was the change in T. Rowe Price's assets from December 2022 to January 2023?

T. Rowe Price's assets decreased from $1.275 trillion as of December 31, 2022, to $1.35 trillion as of January 31, 2023.

How much did T. Rowe Price transfer from mutual funds to retirement trusts in January 2023?

T. Rowe Price transferred $1.1 billion from mutual funds to target date retirement trusts in January 2023.

T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR JANUARY 2023