T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For October 2017
BALTIMORE, Nov. 10, 2017 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $971 billion as of October 31, 2017. Client transfers from mutual funds to other portfolios were $2.5 billion for the month-ended October 31, 2017.
The firm's assets under management as of October 31, 2017, and for prior quarter, 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) |
10/31/2017 |
9/30/2017 |
12/31/2016 |
|||||||||
Sponsored U.S. mutual funds |
||||||||||||
Stock and blended asset |
$ |
473 |
$ |
462 |
$ |
401 |
||||||
Bond and money market |
124 |
123 |
113 |
|||||||||
597 |
585 |
514 |
||||||||||
Other investment portfolios |
||||||||||||
Stock and blended asset |
282 |
273 |
221 |
|||||||||
Bond, money market, and stable value |
92 |
90 |
76 |
|||||||||
374 |
363 |
297 |
||||||||||
Total assets under management |
$ |
971 |
$ |
948 |
$ |
811 |
||||||
Target date retirement portfolios |
$ |
228 |
$ |
223 |
$ |
189 |
||||||
(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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