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T. Rowe Price April AUM Rises 6.7% Sequentially Despite Net Outflows
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Key Takeaways
TROW's April AUM rose 6.7% sequentially to $1.83T despite $10.6B in net outflows.
T. Rowe Price's equity AUM jumped 8.9% to $882B, while multi-asset products rose 6.4%.
TROW's target date retirement portfolios increased 6.8% sequentially to $599B in April 2026.
T. Rowe Price Group, Inc. (TROW - Free Report) announced its preliminary assets under management (AUM) of $1.83 trillion for April 2026. The figure reflected an increase of 6.7% from the prior month. The company experienced net outflows of $10.6 billion in April 2026, primarily driven by a few large redemptions.
Breakdown of TROW’s AUM Performance
At the end of April, T. Rowe Price’s equity products totaled $882 billion, an increase of 8.9% from the previous month. Fixed income (including money market) grew 1.4% to $218 billion. Furthermore, multi-asset products totaled $665 billion, an increase of 6.4% from the previous month.
Alternative products, valued at $60 billion, remained stable from the prior month.
T. Rowe Price registered $599 billion in target date retirement portfolios in April 2026, which rose 6.8% from the prior month.
Our Take on TROW
T. Rowe Price continues to benefit from favorable market performance and strength across equity and multi-asset products, which supported AUM growth in April 2026. The company’s strong investment track record, diversified product portfolio and retirement-focused offerings are expected to support long-term asset growth. However, significant client redemptions and continued reliance on advisory fees remain concerns amid volatile market conditions.
T. Rowe Price’s Zacks Rank & Price Performance
Over the past six months, TROW shares have risen 1.1% against the industry’s 4.4% decline.
Franklin Resources, Inc. (BEN - Free Report) reported a preliminary AUM of $1.74 trillion as of April 30, 2026, which increased 3.6% from the prior month.
The increase in preliminary AUM reflected the positive impact of markets and long-term net inflows of $4 billion, inclusive of $1 billion of long-term net outflows at Western Asset Management. Excluding Western Asset Management, BEN’s preliminary long-term net inflows were $5 billion.
Invesco (IVZ - Free Report) announced preliminary AUM of $2.34 trillion for April 2026, representing an 8.3% increase from the previous month.
In the reported month, IVZ’s net long-term inflows were $18.2 billion. Money market net inflows were $2.2 billion. AUM was positively impacted by favorable market returns, which increased the AUM by $151 billion. FX increased the AUM by $8.2 billion.
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T. Rowe Price April AUM Rises 6.7% Sequentially Despite Net Outflows
Key Takeaways
T. Rowe Price Group, Inc. (TROW - Free Report) announced its preliminary assets under management (AUM) of $1.83 trillion for April 2026. The figure reflected an increase of 6.7% from the prior month. The company experienced net outflows of $10.6 billion in April 2026, primarily driven by a few large redemptions.
Breakdown of TROW’s AUM Performance
At the end of April, T. Rowe Price’s equity products totaled $882 billion, an increase of 8.9% from the previous month. Fixed income (including money market) grew 1.4% to $218 billion. Furthermore, multi-asset products totaled $665 billion, an increase of 6.4% from the previous month.
Alternative products, valued at $60 billion, remained stable from the prior month.
T. Rowe Price registered $599 billion in target date retirement portfolios in April 2026, which rose 6.8% from the prior month.
Our Take on TROW
T. Rowe Price continues to benefit from favorable market performance and strength across equity and multi-asset products, which supported AUM growth in April 2026. The company’s strong investment track record, diversified product portfolio and retirement-focused offerings are expected to support long-term asset growth. However, significant client redemptions and continued reliance on advisory fees remain concerns amid volatile market conditions.
T. Rowe Price’s Zacks Rank & Price Performance
Over the past six months, TROW shares have risen 1.1% against the industry’s 4.4% decline.
Currently, T. Rowe Price carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Asset Managers
Franklin Resources, Inc. (BEN - Free Report) reported a preliminary AUM of $1.74 trillion as of April 30, 2026, which increased 3.6% from the prior month.
The increase in preliminary AUM reflected the positive impact of markets and long-term net inflows of $4 billion, inclusive of $1 billion of long-term net outflows at Western Asset Management. Excluding Western Asset Management, BEN’s preliminary long-term net inflows were $5 billion.
Invesco (IVZ - Free Report) announced preliminary AUM of $2.34 trillion for April 2026, representing an 8.3% increase from the previous month.
In the reported month, IVZ’s net long-term inflows were $18.2 billion. Money market net inflows were $2.2 billion. AUM was positively impacted by favorable market returns, which increased the AUM by $151 billion. FX increased the AUM by $8.2 billion.