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T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For February 2019

March 12, 2019

BALTIMORE, March 12, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.07 trillion as of February 28, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.4 billion in February 2019 and $3.1 billion for the quarter-to-date period ended February 28, 2019.

The firm's assets under management as of February 28, 2019, and for the prior month- 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)

  

2/28/2019

  

1/31/2019

  

12/31/2018

U.S. mutual funds

            

 Equity and blended assets

  

$

502

    

$

485

    

$

441

  

 Fixed income, including money market

  

123

    

122

    

123

  
   

625

    

607

    

564

  

Subadvised and separate accounts and other investment products

            

 Equity and blended assets

  

343

    

332

    

299

  

 Fixed income, including money market

  

101

    

100

    

99

  
   

444

    

432

    

398

  

Total assets under management

  

$

1,069

    

$

1,039

    

$

962

  
                         

Target date retirement products

  

$

255

    

$

247

    

$

230

  
                         

(a) Preliminary - subject to adjustment

                        

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-february-2019-300810825.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