T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For October 2019
BALTIMORE, Nov. 12, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.15 trillion as of October 31, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion in October 2019 and $20.6 billion for the year-to-date period ended October 31, 2019.
The firm's assets under management as of October 31, 2019, and for the 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) |
10/31/2019 |
9/30/2019 |
12/31/2018 |
|||||||||
U.S. mutual funds |
||||||||||||
Equity and blended assets |
$ |
522 |
$ |
513 |
$ |
441 |
||||||
Fixed income, including money market |
130 |
130 |
123 |
|||||||||
652 |
643 |
564 |
||||||||||
Subadvised and separate accounts and other investment products |
||||||||||||
Equity and blended assets |
382 |
373 |
299 |
|||||||||
Fixed income, including money market |
111 |
110 |
99 |
|||||||||
493 |
483 |
398 |
||||||||||
Total assets under management |
$ |
1,145 |
$ |
1,126 |
$ |
962 |
||||||
Target date retirement products |
$ |
277 |
$ |
272 |
$ |
230 |
||||||
(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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