Earnings Call Summary | T. Rowe Price(TROW.US) Q2 2024 Earnings Conference
Earnings Call Summary | T. Rowe Price(TROW.US) Q2 2024 Earnings Conference
The following is a summary of the T. Rowe Price Group, Inc. (TROW) Q2 2024 Earnings Call Transcript:
以下是普信集團（t. Rowe Price Group, Inc.）2024第二季度業績會交流摘要：
Financial Performance:
金融業績：
T. Rowe Price reported adjusted earnings per share of $2.26, up nearly 12% from Q2 2023, driven by higher operating income and a lower effective tax rate.
Q2 net inflows in fixed income, multi-asset, and alternatives were noted, with a large fixed income win from an insurance client.
Q2 adjusted net revenues were $1.8 billion, an 8.5% increase from Q2 2023, driven by higher average AUM.
Positive net flows from clients outside the US were observed.
普信集團報告調整後每股收益爲2.26美元，較2023年第二季度增長近12％，主要因營業收入增加和有效稅率降低。
固定收益、多種資產和另類投資在第二季度淨流入中得到註明，保險客戶的大筆固定收益贏取戰爭獲勝。
第二季度調整後的淨營業收入爲18億美元，較2023年第二季度增長了8.5％，主要由於平均資產管理規模增加。
外國客戶淨流入的積極情況受到關注。
Business Progress:
業務進展：
The company highlighted strong performance in its retirement funds and two-thirds of T. Rowe Price funds beating their peer group one-year medians.
ETF business reached $5.3 billion in assets under management, up from $1.2 billion in June 2023, with significant inflows this year.
Introduction of new products like T. Rowe Price Intermediate Municipal Income ETF and launching investment strategies like OFLEX.
Strategic partnerships were formed, including with one of the largest independent broker-dealers in the US.
公司強調退休基金的良好表現，普信集團三分之二的基金擊敗了同行集團一年的中位數表現。
ETF業務管理的資產達53億美元，較2023年6月的12億美元增加，今年流入資金顯著。
推出新產品，如普信集團中級市政債券收益ETF，以及啓動OFLEX投資策略。
建立了戰略合作關係，包括與美國最大的獨立經紀商之一。
Opportunities:
機會：
Continued growth in ETF offerings is expected, especially with recent successful launches and plans for more diverse products.
Growth in international markets is noted, with strong inflows from outside the US pointing to potential global market expansion opportunities.
預計繼續增長ETF產品，特別是最近成功推出的產品和計劃更多樣化的產品。
國際市場增長明顯，來自美國以外地區的強勁資金流入表明有潛在的全球市場擴張機會。
Risks:
風險：
Predominantly client-driven approach in retirement accounts might limit flexibility in offering competitive conditions compared to firms with more varied options.
Fee rate compression observed, affected by the mix shift in assets under management, which might pressure revenue margins.
在退休帳戶領域，主要客戶驅動的方法可能限制了靈活度，從而無法提供與更多選項的公司相競爭的條件。
費率壓縮觀察到，由於資產管理組合的轉移，這可能會給收益率帶來壓力。
More details: T. Rowe Price IR
更多詳情：普信集團投資者關係頁面（t. Rowe Price IR）
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。