T. Rowe Price Group Quarter-Ended AUM $1.57T, Net Client Outflows $3.7B
Portfolio Pulse from Benzinga Newsdesk
T. Rowe Price Group reported assets under management (AUM) of $1.57 trillion for the quarter ended, with net client outflows amounting to $3.7 billion.
July 26, 2024 | 11:05 am
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T. Rowe Price Group reported AUM of $1.57 trillion for the quarter ended, with net client outflows of $3.7 billion. This indicates a potential challenge in retaining clients and managing assets effectively.
The reported net client outflows of $3.7 billion suggest that T. Rowe Price Group is facing difficulties in retaining clients, which could negatively impact their revenue and profitability in the short term. The AUM figure, while substantial, is overshadowed by the outflows, indicating potential investor concerns.
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IMPORTANCE 80
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