T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For October 2018
BALTIMORE, Nov. 12, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.01 trillion as of October 31, 2018. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.2 billion in October 2018 and $18.0 billion for the year-to-date period ended October 31, 2018.
The firm's assets under management as of October 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 |
||||||||||||
Preliminary(a) |
||||||||||||
(in billions) |
10/31/2018 |
9/30/2018 |
12/31/2017 |
|||||||||
U.S. mutual funds |
||||||||||||
Equity and blended assets |
$ |
474 |
$ |
515 |
$ |
480 |
||||||
Fixed income and money market |
128 |
130 |
126 |
|||||||||
602 |
645 |
606 |
||||||||||
Subadvised and separately managed accounts and other investment products |
||||||||||||
Equity and blended assets |
314 |
339 |
292 |
|||||||||
Fixed income and money market |
97 |
100 |
93 |
|||||||||
411 |
439 |
385 |
||||||||||
Total assets under management |
$ |
1,013 |
$ |
1,084 |
$ |
991 |
||||||
Target date retirement products(b) |
$ |
238 |
$ |
252 |
$ |
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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