T. Price Rowe logo

Release Details

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For September 2019

October 10, 2019
 

BALTIMORE, Oct. 10, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.13 trillion as of September 30, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $5.3 billion in September 2019, and $7.5 billion for the quarter-ended September 30, 2019. This brings total client transfers for the year-to-date period ended September 30, 2019, to $19.5 billion.

The firm's assets under management as of September 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)

    

9/30/2019

    

8/31/2019

    

6/30/2019

    

12/31/2018
 

U.S. mutual funds

                
 

Equity and blended assets

    

$

  

513

      

$

  

517

      

$

  

521

      

$

  

441

  
 

Fixed income, including money market

    

130

      

130

      

127

      

123

  
     

643

      

647

      

648

      

564

  
 

Subadvised and separate accounts and other investment products

                
 

Equity and blended assets

    

373

      

366

      

369

      

299

  
 

Fixed income, including money market

    

110

      

111

      

108

      

99

  
     

483

      

477

      

477

      

398

  
 

Total assets under management

    

$

  

1,126

      

$

  

1,124

      

$

  

1,125

      

$

  

962

  
                                 
 

Target date retirement products

    

$

  

272

      

$

  

269

      

$

  

269

      

$

  

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.

Cision View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-september-2019-300936479.html

SOURCE T. Rowe Price Group, Inc.

Public Relations: Brian Lewbart, 410-345-2242, brian_lewbart@troweprice.com; Investor Relations: Meghan Azevedo, 410-345-2756, meghan_azevedo@troweprice.com