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 |
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.
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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
