T. Rowe Price Group Reports Preliminary Month-End Assets Under Management for January 2019
BALTIMORE, Feb. 12, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.04 trillion as of January 31, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.7 billion in January 2019.
The firm's assets under management as of January 31, 2019, and for the prior year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:
As of |
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Preliminary(a) |
||||||||
(in billions) |
1/31/2019 |
12/31/2018 |
||||||
U.S. mutual funds |
||||||||
Equity and blended assets |
$ |
485 |
$ |
441 |
||||
Fixed income, including money market |
122 |
123 |
||||||
607 |
564 |
|||||||
Subadvised and separate accounts and other investment products |
||||||||
Equity and blended assets |
332 |
299 |
||||||
Fixed income, including money market |
100 |
99 |
||||||
432 |
398 |
|||||||
Total assets under management |
$ |
1,039 |
$ |
962 |
||||
Target date retirement products |
$ |
247 |
$ |
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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