T. Rowe Price's August AUM Balance Improves 1.6% Sequentially

T. Rowe Price Group, Inc. (NASDAQ: TROW) announced its preliminary assets under management of $1.61 trillion for August 2024. The figure reflected a sequential increase of 1.6%.

TROW experienced net outflows of $5.3 billion in August 2024.

Breakdown of TROW's AUM Performance

At the end of August, TROW's equity products aggregated $825 billion, which increased 1.4% from the previous month's level. Fixed income (including money market) rose marginally to $183 billion. Further, multi-asset products were $553 billion, which increased 2.2% from the previous month.

Alternative products of $51 billion increased 2% from the prior month's level.

T. Rowe ...