T. Rowe Price's January AUM Balance Increases 2.7% Sequentially

Core Viewpoint - T. Rowe Price Group, Inc. reported a preliminary assets under management (AUM) of $1.65 trillion for January 2025, reflecting a sequential increase of 2.7$2.1 billion during the same month [1]. AUM Performance Breakdown - At the end of January, T. Rowe Price's equity products totaled $854 billion, which is a 2.9$190 billion [2]. - Multi-asset products increased by 3.2% to $553 billion [2]. - Alternative products remained stable at$53 billion compared to the prior month [2]. - Target date retirement portfolios registered $492 billion, marking a 3.4% rise from the previous month [3]. Company Outlook - The company's diversified business model and efforts to expand distribution through acquisitions are expected to support future top-line growth [4]. - The rising AUM base is viewed as encouraging, although there are concerns regarding the company's overdependence on investment advisory fees [4]. - T. Rowe Price's bottom-line growth is currently under pressure due to high costs [4]. Market Performance Comparison - Over the past six months, T. Rowe Price shares have gained 3.2%, while the industry has seen a growth of 21.8% [5].