T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For November 2017
BALTIMORE, Dec. 12, 2017 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $991 billion as of November 30, 2017. There were no client transfers from mutual funds to other portfolios for the month-ended November 30, 2017. Client transfers in October 2017 were $2.5 billion.
The firm's assets under management as of November 30, 2017, and for prior month, quarter, 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) |
11/30/2017 |
10/31/2017 |
9/30/2017 |
12/31/2016 |
||||||||||||
Sponsored U.S. mutual funds |
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Stock and blended asset |
$ |
483 |
$ |
473 |
$ |
462 |
$ |
401 |
||||||||
Bond and money market |
126 |
124 |
123 |
113 |
||||||||||||
609 |
597 |
585 |
514 |
|||||||||||||
Other investment portfolios |
||||||||||||||||
Stock and blended asset |
290 |
282 |
273 |
221 |
||||||||||||
Bond, money market, and stable value |
92 |
92 |
90 |
76 |
||||||||||||
382 |
374 |
363 |
297 |
|||||||||||||
Total assets under management |
$ |
991 |
$ |
971 |
$ |
948 |
$ |
811 |
||||||||
Target date retirement portfolios |
$ |
232 |
$ |
228 |
$ |
223 |
$ |
189 |
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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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