T. Rowe Price Group (TROW) reported Thursday preliminary assets under management of $1.57 trillion as of March 31, down from $1.63 trillion in the previous month.
The company said its equity assets decreased to $773 billion last month from $827 billion at the end of February, while multi-assets decreased to $544 billion from $555 billion.
Fixed-income assets, including money market, were $196 billion, up from $192 billion, while alternative assets remained the same at $53 billion.
Preliminary net outflows were $1.8 billion for the month and $8.6 billion for the quarter ended March 31, the asset manager said.
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