T. Rowe Price Group Reports Preliminary Month-end Assets Under Management For June 2019
BALTIMORE, July 11, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.13 trillion as of June 30, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $3.2 billion in June 2019, and $5.9 billion for the quarter-ended June 30, 2019. This brings total client transfers for the year-to-date period ended June 30, 2019, to $12.0 billion.
The firm's assets under management as of June 30, 2019, 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) | 6/30/2019 | 5/31/2019 | 3/31/2019 | 12/31/2018 | ||||||||||||
U.S. mutual funds | ||||||||||||||||
Equity and blended assets | $ | 521 | $ | 494 | $ | 507 | $ | 441 | ||||||||
Fixed income, including money market | 127 | 126 | 124 | 123 | ||||||||||||
648 | 620 | 631 | 564 | |||||||||||||
Subadvised and separate accounts and other investment products | ||||||||||||||||
Equity and blended assets | 369 | 344 | 348 | 299 | ||||||||||||
Fixed income, including money market | 108 | 106 | 103 | 99 | ||||||||||||
477 | 450 | 451 | 398 | |||||||||||||
Total assets under management | $ | 1,125 | $ | 1,070 | $ | 1,082 | $ | 962 | ||||||||
Target date retirement products | $ | 269 | $ | 256 | $ | 258 | $ | 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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