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

January 11, 2019

BALTIMORE, Jan. 11, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $962 billion as of December 31, 2018. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.9 billion in December 2018, and $3.7 billion for the quarter-ended December 31, 2018.  This brings total client transfers for 2018 to $20.5 billion.

The firm's assets under management as of December 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)

  

12/31/2018

  

11/30/2018

  

9/30/2018

  

12/31/2017

U.S. mutual funds

                

 Equity and blended assets

  

$

441

    

$

485

    

$

515

    

$

480

  

 Fixed income and money market

  

123

    

126

    

130

    

126

  
   

564

    

611

    

645

    

606

  

Subadvised and separately managed accounts and other investment products

                

 Equity and blended assets

  

299

    

323

    

339

    

292

  

 Fixed income and money market

  

99

    

98

    

100

    

93

  
   

398

    

421

    

439

    

385

  

Total assets under management

  

$

962

    

$

1,032

    

$

1,084

    

$

991

  

Target date retirement products(b)

  

$

230

    

$

243

    

$

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-december-2018-300776821.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