T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For February 2020
BALTIMORE, March 11, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.15 trillion as of February 29, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.9 billion in February 2020 and $3.7 billion for the quarter-to-date period ended February 29, 2020.
The firm's assets under management as of February 29, 2020, and for the prior month- and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:
As of |
||||||||||||
Preliminary(a) |
||||||||||||
(in billions) |
2/29/2020 |
1/31/2020 |
12/31/2019 |
|||||||||
U.S. mutual funds |
||||||||||||
Equity and blended assets |
$ |
514 |
$ |
550 |
$ |
553 |
||||||
Fixed income, including money market |
133 |
133 |
130 |
|||||||||
647 |
683 |
683 |
||||||||||
Subadvised and separate accounts and other |
||||||||||||
Equity and blended assets |
389 |
416 |
412 |
|||||||||
Fixed income, including money market |
114 |
113 |
112 |
|||||||||
503 |
529 |
524 |
||||||||||
Total assets under management |
$ |
1,150 |
$ |
1,212 |
$ |
1,207 |
||||||
Target date retirement products |
$ |
277 |
$ |
292 |
$ |
292 |
(a) Preliminary - subject to adjustment
Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global investment management organization that provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The organization also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.
SOURCE T. Rowe Price Group, Inc.
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