other material
confidence high
sentiment negative
materiality 0.75
T. Rowe Price reports $1.31T AUM; expects net outflows >$10B monthly in Nov-Dec
PRICE T ROWE GROUP INC
- AUM of $1.31 trillion as of Oct 31, down from $1.346 trillion at Sep 30.
- Preliminary net outflows of $6.3 billion for October 2023.
- Firm forecasts net outflows exceeding $10 billion in each of November and December.
- Large known terminations and regular seasonal patterns cited for elevated outflows.
- Target date retirement AUM $364B; equity $668B; fixed income $168B; multi-asset $429B; alternatives $47B.