1. T. Rowe Price reported $1.61 trillion assets under management. 2. December 2024 saw net outflows of $10.9 billion. 3. Total net outflows for the year reached $43.2 billion. 4. Equity assets declined from $859 billion to $830 billion monthly. 5. Earnings call scheduled for February 5, 2025.
High net outflows indicate a potential loss of investor confidence, similar to past declines during outflow periods.
Significant net outflows and changes in AUM directly affect TROW's financial stability.
Immediate market reactions expected due to ongoing outflows and upcoming earnings report.
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
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
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.
SOURCE T. Rowe Price Group