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Oct 10, 2018

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

BALTIMORE, Oct. 10, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.08 trillion as of September 30, 2018. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion in September 2018, and $3.2 billion for the quarter-ended September 30, 2018.  This brings total client transfers for the year-to-date period ended September 30, 2018, to $16.8 billion.

The firm's assets under management as of September 30, 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)

 

9/30/2018

 

8/31/2018

 

6/30/2018

 

12/31/2017

U.S. mutual funds

               

 Equity and blended assets

 

$

515

   

$

518

   

$

497

   

$

480

 

 Fixed income and money market

 

130

   

130

   

129

   

126

 
   

645

   

648

   

626

   

606

 

Subadvised and separately managed accounts and other investment products

               

 Equity and blended assets

 

339

   

338

   

320

   

292

 

 Fixed income and money market

 

100

   

100

   

98

   

93

 
   

439

   

438

   

418

   

385

 

Total assets under management

 

$

1,084

   

$

1,086

   

$

1,044

   

$

991

 
                                 

Target date retirement products(b)

 

$

252

   

$

253

   

$

244

   

$

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-september-2018-300728587.html

SOURCE T. Rowe Price Group, Inc.

T. ROWE PRICE CONTACTS: 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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