T. Rowe Price Group Reports Preliminary Month-End Assets Under Management for November 2018
BALTIMORE, Dec. 12, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.03 trillion as of November 30, 2018. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.6 billion in November 2018 and $1.8 billion for the quarter-to-date period ended November 30, 2018. This brings total client transfers for the year-to-date period ended November 30, 2018, to $18.6 billion.
The firm's assets under management as of November 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) |
11/30/2018 |
10/31/2018 |
9/30/2018 |
12/31/2017 |
||||||||||||
U.S. mutual funds |
||||||||||||||||
Equity and blended assets |
$ |
485 |
$ |
474 |
$ |
515 |
$ |
480 |
||||||||
Fixed income and money market |
126 |
128 |
130 |
126 |
||||||||||||
611 |
602 |
645 |
606 |
|||||||||||||
Subadvised and separately managed accounts and other investment products |
||||||||||||||||
Equity and blended assets |
323 |
314 |
339 |
292 |
||||||||||||
Fixed income and money market |
98 |
97 |
100 |
93 |
||||||||||||
421 |
411 |
439 |
385 |
|||||||||||||
Total assets under management |
$ |
1,032 |
$ |
1,013 |
$ |
1,084 |
$ |
991 |
||||||||
Target date retirement products(b) |
$ |
243 |
$ |
238 |
$ |
252 |
$ |
234 |
||||||||
(a) Preliminary - subject to adjustment |
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(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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