T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For March 2019
BALTIMORE, April 10, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.08 trillion as of March 31, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $3.0 billion in March 2019 and $6.1 billion for the quarter-ended March 31, 2019.
The firm's assets under management as of March 31, 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) | 3/31/2019 | 2/28/2019 | 12/31/2018 | |||||||||
U.S. mutual funds | ||||||||||||
Equity and blended assets | $ | 507 | $ | 502 | $ | 441 | ||||||
Fixed income, including money market | 124 | 123 | 123 | |||||||||
631 | 625 | 564 | ||||||||||
Subadvised and separate accounts and other | ||||||||||||
Equity and blended assets | 348 | 343 | 299 | |||||||||
Fixed income, including money market | 103 | 101 | 99 | |||||||||
451 | 444 | 398 | ||||||||||
Total assets under management | $ | 1,082 | $ | 1,069 | $ | 962 | ||||||
Target date retirement products | $ | 258 | $ | 255 | $ | 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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