BALTIMORE, Jan. 13, 2025 -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.61 trillion as of December 31, 2024. Preliminary net outflows were $10.9 billion for December 2024, $19.3 billion for the quarter-ended December 31, 2024, and $43.2 billion for the year. Preliminary quarterly net flows include substantially all of the previously disclosed subadvisory redemption and $0.8 billion of Manager-driven distributions.
The below table shows the firm's assets under management as of December 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) | 12/31/2024 | 11/30/2024 | 9/30/2024 | 12/31/2023 | ||||
Equity | $ 830 | $ 859 | $ 832 | $ 744 | ||||
Fixed income, including money market | 188 | 187 | 186 | 170 | ||||
Multi-asset | 536 | 568 | 561 | 483 | ||||
Alternatives | 53 | 53 | 52 | 48 | ||||
Total assets under management | $ 1,607 | $ 1,667 | $ 1,631 | $ 1,445 | ||||
Target date retirement portfolios | $ 476 | $ 491 | $ 482 | $ 408 | ||||
(a) Preliminary - subject to adjustment | ||||||||
Q4 2024 Earnings Release and Earnings Call
T. Rowe Price will release Q4 2024 earnings on Wednesday, February 5, 2025 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 $1.61 trillion in assets under management as of December 31, 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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