T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For March 2020
BALTIMORE, April 13, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.01 trillion as of March 31, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.7 billion in March 2020 and $4.4 billion for the quarter-ended March 31, 2020.
The firm's assets under management as of March 31, 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 |
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Preliminary(a) |
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(in billions) |
3/31/2020 |
2/29/2020 |
12/31/2019 |
|||||||||
U.S. mutual funds |
||||||||||||
Equity and blended assets |
$ |
444 |
$ |
514 |
$ |
553 |
||||||
Fixed income, including money market |
118 |
133 |
130 |
|||||||||
562 |
647 |
683 |
||||||||||
Subadvised and separate accounts and other investment products |
||||||||||||
Equity and blended assets |
341 |
389 |
412 |
|||||||||
Fixed income, including money market |
106 |
114 |
112 |
|||||||||
447 |
503 |
524 |
||||||||||
Total assets under management |
$ |
1,009 |
$ |
1,150 |
$ |
1,207 |
||||||
Target date retirement products |
$ |
242 |
$ |
277 |
$ |
292 |
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(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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