T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For February 2019
BALTIMORE, March 12, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.07 trillion as of February 28, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.4 billion in February 2019 and $3.1 billion for the quarter-to-date period ended February 28, 2019.
The firm's assets under management as of February 28, 2019, and for the prior month- 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) |
2/28/2019 |
1/31/2019 |
12/31/2018 |
|||||||||
U.S. mutual funds |
||||||||||||
Equity and blended assets |
$ |
502 |
$ |
485 |
$ |
441 |
||||||
Fixed income, including money market |
123 |
122 |
123 |
|||||||||
625 |
607 |
564 |
||||||||||
Subadvised and separate accounts and other investment products |
||||||||||||
Equity and blended assets |
343 |
332 |
299 |
|||||||||
Fixed income, including money market |
101 |
100 |
99 |
|||||||||
444 |
432 |
398 |
||||||||||
Total assets under management |
$ |
1,069 |
$ |
1,039 |
$ |
962 |
||||||
Target date retirement products |
$ |
255 |
$ |
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.
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article