T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For September 2018
BALTIMORE, Oct. 10, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.08 trillion as of September 30, 2018. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion in September 2018, and $3.2 billion for the quarter-ended September 30, 2018. This brings total client transfers for the year-to-date period ended September 30, 2018, to $16.8 billion.
The firm's assets under management as of September 30, 2018, and for the 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 |
||||||||||||||||
Preliminary(a) |
||||||||||||||||
(in billions) |
9/30/2018 |
8/31/2018 |
6/30/2018 |
12/31/2017 |
||||||||||||
U.S. mutual funds |
||||||||||||||||
Equity and blended assets |
$ |
515 |
$ |
518 |
$ |
497 |
$ |
480 |
||||||||
Fixed income and money market |
130 |
130 |
129 |
126 |
||||||||||||
645 |
648 |
626 |
606 |
|||||||||||||
Subadvised and separately managed accounts and other investment products |
||||||||||||||||
Equity and blended assets |
339 |
338 |
320 |
292 |
||||||||||||
Fixed income and money market |
100 |
100 |
98 |
93 |
||||||||||||
439 |
438 |
418 |
385 |
|||||||||||||
Total assets under management |
$ |
1,084 |
$ |
1,086 |
$ |
1,044 |
$ |
991 |
||||||||
Target date retirement products(b) |
$ |
252 |
$ |
253 |
$ |
244 |
$ |
234 |
(a) Preliminary - subject to adjustment |
(b) Includes the assets under management of the firm's target date retirement mutual funds and trusts as well as those target date retirement portfolios managed in separate accounts. |
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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