T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For November 2019
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PR Newswire
BALTIMORE, Dec. 10, 2019
BALTIMORE, Dec. 10, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.18 trillion as of November 30, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.3 billion in November 2019 and $1.4 billion for the quarter-to-date period ended November 30, 2019. This brings total client transfers for the year-to-date period ended November 30, 2019, to $20.9 billion.
The firm's assets under management as of November 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) | 11/30/2019 | 10/31/2019 | 9/30/2019 | 12/31/2018 | ||||||||||||
U.S. mutual funds | ||||||||||||||||
Equity and blended assets | $ | 542 | $ | 522 | $ | 513 | $ | 441 | ||||||||
Fixed income, including money market | 130 | 130 | 130 | 123 | ||||||||||||
672 | 652 | 643 | 564 | |||||||||||||
Subadvised and separate accounts and other investment products | ||||||||||||||||
Equity and blended assets | 399 | 382 | 373 | 299 | ||||||||||||
Fixed income, including money market | 110 | 111 | 110 | 99 | ||||||||||||
509 | 493 | 483 | 398 | |||||||||||||
Total assets under management | $ | 1,181 | $ | 1,145 | $ | 1,126 | $ | 962 | ||||||||
Target date retirement products | $ | 282 | $ | 277 | $ | 272 | $ | 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.
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SOURCE T. Rowe Price Group, Inc.
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