BALTIMORE, March 12, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.51 trillion as of February 29, 2024. Preliminary net outflows for February 2024 were $2.0 billion.

The below table shows the firm's assets under management as of February 29, 2024, and for the prior month- and year-end by asset class and in the firm's target date retirement portfolios.



As of



Preliminary(a)





(in billions)


2/29/2024


1/31/2024


12/31/2023








 Equity


$            785


$            747


$            744

 Fixed income, including money market


169


170


170

 Multi-asset


504


486


483

 Alternatives


48


47


48

Total assets under management


$         1,506


$         1,450


$         1,445








Target date retirement products


$            428


$            411


$            408

(a) Preliminary - subject to adjustment

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 has $1.51 trillion in assets under management as of February 29, 2024, and serves millions of clients globally. News and other updates can be found on Facebook, Instagram, LinkedIn, X, YouTube, and troweprice.com/newsroom.

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SOURCE T. Rowe Price Group