T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For January 2018
BALTIMORE, Feb. 12, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.05 trillion as of January 31, 2018. Client transfers from mutual funds to other portfolios were $3.7 billion for the month-ended January 31, 2018.
The firm's assets under management as of January 31, 2018 and for prior 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) |
1/31/2018 |
12/31/2017 |
||||||
Sponsored U.S. mutual funds |
||||||||
Stock and blended asset |
$ |
509 |
$ |
480 |
||||
Bond and money market |
128 |
126 |
||||||
637 |
606 |
|||||||
Other investment portfolios |
||||||||
Stock and blended asset |
315 |
292 |
||||||
Bond, money market, and stable value |
95 |
93 |
||||||
410 |
385 |
|||||||
Total assets under management |
$ |
1,047 |
$ |
991 |
||||
Target date retirement portfolios |
$ |
244 |
$ |
232 |
(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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