T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For October 2018
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PR Newswire
BALTIMORE, Nov. 12, 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.
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SOURCE T. Rowe Price Group, Inc.
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