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

October 10, 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