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T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR JULY 2024

August 12, 2024

BALTIMORE, Aug. 12, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.59 trillion as of July 31, 2024. Preliminary net outflows for July 2024 were $2.0 billion.

The below table shows the firm's assets under management as of July 31, 2024, and for the prior quarter- and year-end by asset class and in the firm's target date retirement portfolios.

   

As of
   

Preliminary(a)

        

(in billions)

  

7/31/2024

  

6/30/2024

  

12/31/2023
             

 Equity

  

$            814

  

$            810

  

$            744

 Fixed income, including money market

  

182

  

180

  

170

 Multi-asset

  

541

  

529

  

483

 Alternatives

  

50

  

50

  

48

Total assets under management

  

$         1,587

  

$         1,569

  

$         1,445
 

Target date retirement products

  

$            464

  

$            453

  

$            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 $1.59 trillion in assets under management as of July 31, 2024, and serves millions of clients globally. News and other updates can be found on Facebook, Instagram, LinkedIn, X, YouTube, and troweprice.com/newsroom.

Cision View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-july-2024-302219855.html

SOURCE T. Rowe Price Group

Public Relations, Jamaal Mobley, 410-345-3403, jamaal.mobley@troweprice.com; Investor Relations, Linsley Carruth, 410-345-3717, linsley.carruth@troweprice.com