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Jun 12, 2018

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For May 2018

BALTIMORE, June 12, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.04 trillion as of May 31, 2018.  Client transfers from mutual funds to other portfolios, including trusts and separate accounts were negligible for the month of May. Client transfers for the quarter-to-date and year-to-date periods ended May 31, 2018 were $2.5 billion and $11.4 billion, respectively.

The firm's assets under management as of May 31, 2018, 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)

 

5/31/2018

 

4/30/2018

 

3/31/2018

 

12/31/2017

U.S. mutual funds

               

  Equity and blended assets

 

$

496

   

$

486

   

$               484

   

$

480

 

  Fixed income and money market

 

129

   

128

   

129

   

126

 
   

625

   

614

   

613

   

606

 

Subadvised and separately managed accounts and other investment products

               

  Equity and blended assets

 

316

   

309

   

305

   

292

 

  Fixed income and money market

 

97

   

97

   

96

   

93

 
   

413

   

406

   

401

   

385

 

Total assets under management

 

$

1,038

   

$

1,020

   

$

1,014

   

$

991

 

Target date retirement products(b)

 

$

243

   

$

241

   

$

240

   

$

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.

Cision View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-may-2018-300664753.html

SOURCE T. Rowe Price Group, Inc.

Public Relations, Brian Lewbart, 410-345-2242, brian_lewbart@troweprice.com; Investor Relations, Teresa Whitaker, 410-345-6586, teresa_whitaker@troweprice.com

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