T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For July 2018
BALTIMORE, Aug. 10, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.07 trillion as of July 31, 2018. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.5 billion in July 2018 and $14.1 billion for the year-to-date period ended July 31, 2018.
The firm's assets under management as of July 31, 2018, and for the prior quarter and 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) |
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(in billions) |
7/31/2018 |
6/30/2018 |
12/31/2017 |
||||||||||||||||
U.S. mutual funds |
|||||||||||||||||||
Equity and blended assets |
$ |
508 |
$ |
497 |
$ |
480 |
|||||||||||||
Fixed income and money market |
130 |
129 |
126 |
||||||||||||||||
638 |
626 |
606 |
|||||||||||||||||
Subadvised and separately managed accounts and other investment products |
|||||||||||||||||||
Equity and blended assets |
329 |
320 |
292 |
||||||||||||||||
Fixed income and money market |
98 |
98 |
93 |
||||||||||||||||
427 |
418 |
385 |
|||||||||||||||||
Total assets under management |
$ |
1,065 |
$ |
1,044 |
$ |
991 |
|||||||||||||
Target date retirement products(b) |
$ |
251 |
$ |
244 |
$ |
234 |
(a) |
Preliminary - subject to adjustment |
(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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