T. Rowe Price Group (TROW, Financial) disclosed its preliminary assets under management (AUM) figures, which reached $1.57 trillion as of the end of March. The firm experienced net outflows amounting to $1.8 billion during March, contributing to total net outflows of $8.6 billion for the first quarter.
The quarterly net flows also incorporated $0.7 billion resulting from Manager-driven distributions. These figures reflect the ongoing dynamics in the asset management landscape as T. Rowe Price navigates through market challenges.
