T. Rowe Price AUM slides over 6% in June amid turbulent market conditions

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• T. Rowe Price Group (NASDAQ:TROW) preliminary assets under management of $1.31T in June slid from $1.4T in May, driven by market volatility and outflows.
• Equity U.S. mutual funds AUM came in at $391B in June, down from $424B in the prior month and $554B in December 2021.
• Multi-asset mutual funds were $187B in June vs. $202B in May and $232B in December of last year.
• Target date retirement products AUM of $327B also fell from $351B in May and $391B at the end of December 2021.
• Previously, (June 10) T. Rowe Price AUM drifted down to $1.40T.

Comments

[unan2010]

I bought more. Buys back a lot of shares. 4% yield. 50+ year history. Ridiculous margins. Money management isn't going anywhere.

of course also buying Blackrock with that new 3.2% yield. You can have your cake (TROW) and Eat it too (BLK). Also don't forget Schwab to complete the trifecta.. although not ecstatic about the low 1% yield.

[BA Man]

The best time to be a buyer is BEFORE everyone agrees with you. I’ll continue to add on weakness, as it won’t be weak forever, and the margin of safety keeps getting better.
Long TROW for the duration, and still adding.

[GDPPP]

@BA Man Why would be TROW be such a good buy even at these levels when it's clear that a majority of investors these days are into ETF investing, something that names like BLK have a firm stronghold in?

[BA Man]

@GDPPP
Thanks for your concern about my financial decisions. Look at my picture in my profile. Lot of gray hair there, and I’ve been dealing with the markets for a loooong time. I am still in a positive total return position year to date, and have beaten the S&P 3 of the past 5 years, and a virtual tie in one year. Why would I pay a stranger to give me mediocre returns at best? An ETF owns a lot of companies, which guarantees they will have numerous losers in the portfolio. I own 17 companies, of which only 2 are in a negative total return. I’m slowly accumulating TROW and a couple of others as they are above average quality companies, trading at below historic average valuations, with well above historic average dividend yields. Not to much more complicated than that.

[GDPPP]

@BA Man It maybe true, but TROW faces real secular headwinds as more and more investors pivot towards passive investing/ETF based approach.

[Great Swami]

Hasn't everyone's AUM declined?
I know mine has, and it wasn't because of withdrawals!
No actionable news here

[hkimsey]

The market is taking this as good news.

[Deep Value Ideas]

@hkimsey Maybe that was a small order pre-market at an unfavorable price. Currently, the shares trade -1% according to NASDAQ:

www.nasdaq.com/...

[Sir Francis]

Now its an even better buy! It continues to drop and I just keep adding $TROW

[Chris Lau]

@Sir Francis TROW. Best of breed. $BX too. Keep buying until you have no more cash on hand.

[Livejoyfully]

@Chris Lau 100/share here we come

[unan2010]

@Chris Lau Do you mean Blackrock?? Or Blackstone?