T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For January 2020
BALTIMORE, Feb. 12, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.21 trillion as of January 31, 2020. Client transfers from mutual funds to other investment portfolios, including trusts and separate accounts, were $2.8 billion in January 2020.
The firm's assets under management as of January 31, 2020, and for the prior 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) |
1/31/2020 |
12/31/2019 |
|||||||
U.S. mutual funds |
|||||||||
Equity and blended assets |
$ |
550 |
$ |
553 |
|||||
Fixed income, including money market |
133 |
130 |
|||||||
683 |
683 |
||||||||
Subadvised and separate accounts and other investment products |
|||||||||
Equity and blended assets |
416 |
412 |
|||||||
Fixed income, including money market |
113 |
112 |
|||||||
529 |
524 |
||||||||
Total assets under management |
$ |
1,212 |
$ |
1,207 |
|||||
Target date retirement products |
$ |
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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