T. Rowe Price reports a $120 billion monthly increase in AUM, driven by market appreciation despite $10.6 billion in net outflows.
T. Rowe Price Group Inc. (NASDAQ:TROW) announced assets under management rose to $1.83 trillion at the end of April, up from $1.71 trillion in March. The increase was primarily due to market appreciation across multiple asset classes, the company said.
April net outflows totaled $10.6 billion, attributed to sizable client redemptions. Equity AUM grew to $882 billion from $810 billion, while multi-asset and fixed income assets also posted gains. Target-date retirement portfolios reached $599 billion.
Management expects flow activity to moderate for the remainder of the quarter. About two-thirds of TROW’s assets are retirement-related, with the firm overseeing $1.83 trillion as of April 30, 2026.