T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For September 2019
BALTIMORE, Oct. 10, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.13 trillion as of September 30, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $5.3 billion in September 2019, and $7.5 billion for the quarter-ended September 30, 2019. This brings total client transfers for the year-to-date period ended September 30, 2019, to $19.5 billion.
The firm's assets under management as of September 30, 2019, 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) |
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(in billions) |
9/30/2019 |
8/31/2019 |
6/30/2019 |
12/31/2018 |
||||||||||||
U.S. mutual funds |
||||||||||||||||
Equity and blended assets |
$ |
513 |
$ |
517 |
$ |
521 |
$ |
441 |
||||||||
Fixed income, including money market |
130 |
130 |
127 |
123 |
||||||||||||
643 |
647 |
648 |
564 |
|||||||||||||
Subadvised and separate accounts and other investment products |
||||||||||||||||
Equity and blended assets |
373 |
366 |
369 |
299 |
||||||||||||
Fixed income, including money market |
110 |
111 |
108 |
99 |
||||||||||||
483 |
477 |
477 |
398 |
|||||||||||||
Total assets under management |
$ |
1,126 |
$ |
1,124 |
$ |
1,125 |
$ |
962 |
||||||||
Target date retirement products |
$ |
272 |
$ |
269 |
$ |
269 |
$ |
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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