T. Rowe Price Group Reported Preliminary Month-End Assets Under Management Of $1.63T As Of September 30, 2024
Portfolio Pulse from Benzinga Newsdesk
T. Rowe Price Group reported preliminary assets under management of $1.63 trillion as of September 30, 2024, with net outflows of $4.9 billion for September and $12.2 billion for the quarter.
October 10, 2024 | 12:44 pm
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T. Rowe Price Group reported $1.63 trillion in assets under management as of September 30, 2024, with significant net outflows of $4.9 billion for September and $12.2 billion for the quarter.
The reported net outflows of $4.9 billion for September and $12.2 billion for the quarter suggest a negative trend in asset retention, which could impact T. Rowe Price's revenue and investor sentiment negatively in the short term.
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