T. Rowe Price Posts $1.83T AUM with $10.6B Net Outflows in April
T. Rowe Price reported April month-end assets under management of $1.83 trillion with net outflows of $10.6 billion driven by a few large redemptions. Equity AUM climbed to $882 billion, multi-asset holdings reached $665 billion and fixed income totaled $218 billion, up on both quarter- and year-end comparisons.
1. April Month-End AUM and Net Flows
T. Rowe Price posted April month-end assets under management of $1.83 trillion, reflecting net outflows of $10.6 billion driven by several large client redemptions during the month.
2. Asset Class Breakdown
Equity AUM increased to $882 billion from $810 billion in March, multi-asset holdings rose to $665 billion from $625 billion and fixed income, including money market, reached $218 billion, up from $215 billion.
3. Flow Outlook
Management expects net flow activity to moderate through the remainder of the quarter following this month’s elevated redemption levels.