T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For September 2017
BALTIMORE, Oct. 11, 2017 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $948 billion as of September 30, 2017. Client transfers from mutual funds to other portfolios were $2.9 billion and $8.1 billion for the month- and quarter-ended September 30, 2017, respectively.
The firm's assets under management as of September 30, 2017, and for 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) |
9/30/2017 |
8/31/2017 |
6/30/2017 |
12/31/2016 |
||||||||||||
Sponsored U.S. mutual funds |
||||||||||||||||
Stock and blended asset |
$ |
462 |
$ |
455 |
$ |
446 |
$ |
401 |
||||||||
Bond and money market |
123 |
124 |
121 |
113 |
||||||||||||
585 |
579 |
567 |
514 |
|||||||||||||
Other investment portfolios |
||||||||||||||||
Stock and blended asset |
273 |
267 |
254 |
221 |
||||||||||||
Bond, money market, and stable value |
90 |
88 |
83 |
76 |
||||||||||||
363 |
355 |
337 |
297 |
|||||||||||||
Total assets under management |
$ |
948 |
$ |
934 |
$ |
904 |
$ |
811 |
||||||||
Target date retirement portfolios |
$ |
223 |
$ |
220 |
$ |
214 |
$ |
189 |
||||||||
(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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