T. Rowe Price shares face short-term headwinds after the asset manager disclosed $12.2 billion in net outflows for September, dragging total AUM to $1.86 trillion.
T. Rowe Price reported assets under management of $1.86 trillion for September 2026, accompanied by significant net outflows totaling $12.2 billion. The inclusion of a large defined contribution target date outflow highlights specific pressure on the firm's core retirement product segment, signaling potential headwinds for fee-based revenue growth.
The total assets under management were $1.86 trillion.
The firm experienced net outflows of $12.2 billion.
T. Rowe Price Group reported $1.86 trillion in assets under management for September 2026. The firm faced significant pressure as net outflows climbed to $12.2 billion, driven largely by a substantial redemption in its defined contribution target date strategy.
The $12.2 billion in net outflows was primarily attributed to a large redemption within the firm's defined contribution target date fund offerings.