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

BALTIMORE, June 12, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.54 trillion as of May 31, 2024. Preliminary net inflows for May 2024 were $6.7 billion, including a large institutional fixed income inflow.

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 $1.54 trillion in assets under management as of May 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.

 

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View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-may-2024-302170458.html

SOURCE T. Rowe Price Group