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Home » Stock Market News » T. Rowe Price reports 1.15% surge in total AUM in July

T. Rowe Price reports 1.15% surge in total AUM in July

Written by Miroslav Marinov
Miroslav Marinov
Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.
, | Updated: October 30, 2024

T. Rowe Price Group Inc (NASDAQ: TROW) on Monday reported a 1.15% month-over-month surge in its assets under management (AUM) to $1.587 trillion as of July 31st, according to preliminary figures.

Net outflows stood at $2.0 billion for July, the firm said.

Equity AUM rose to $0.814 trillion as of July 31st from $0.810 trillion as of June 30th.

Fixed income AUM rose to $0.182 trillion as of July 31st from $0.180 trillion as of June 30th.

And, multi-asset AUM went up to $0.541 trillion as of July 31st from $0.529 trillion as of June 30th.

Stock Performance

The shares of T. Rowe Price Group Inc (TROW) closed 0.67% ($0.71) lower at $104.64 on Nasdaq on Monday, as they snapped a two-day streak of gains.

The company’s total market cap now stands at $23.293 billion.

The shares of T. Rowe Price Group Inc (TROW) went down 1.26% in 2023, compared with a 24.23% gain for the benchmark index, S&P 500 (SPX).

The company’s shares have retreated 2.83% so far this year.

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