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Dec 12, 2018

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management for November 2018

BALTIMORE, Dec. 12, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.03 trillion as of November 30, 2018. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.6 billion in November 2018 and $1.8 billion for the quarter-to-date period ended November 30, 2018.  This brings total client transfers for the year-to-date period ended November 30, 2018, to $18.6 billion.

The firm's assets under management as of November 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)

 

11/30/2018

 

10/31/2018

 

9/30/2018

 

12/31/2017

U.S. mutual funds

               

 Equity and blended assets

 

$

485

   

$

474

   

$

515

   

$

480

 

 Fixed income and money market

 

126

   

128

   

130

   

126

 
   

611

   

602

   

645

   

606

 

Subadvised and separately managed accounts and other investment products

               

 Equity and blended assets

 

323

   

314

   

339

   

292

 

 Fixed income and money market

 

98

   

97

   

100

   

93

 
   

421

   

411

   

439

   

385

 

Total assets under management

 

$

1,032

   

$

1,013

   

$

1,084

   

$

991

 

Target date retirement products(b)

 

$

243

   

$

238

   

$

252

   

$

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-november-2018-300764218.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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