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T. Rowe Price Group Reports Preliminary Month-End Assets Under Management for July 2019

August 12, 2019

BALTIMORE, Aug. 12, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.14 trillion as of July 31, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts were negligible for the month of July. Client transfers for the year-to-date period ending July 31, 2019 were $12.0 billion.

The firm's assets under management as of July 31, 2019, and for the prior 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)

  

7/31/2019

  

6/30/2019

  

12/31/2018

U.S. mutual funds

            

 Equity and blended assets

  

$

526

    

$

521

    

$

441

  

 Fixed income, including money market

  

129

    

127

    

123

  
   

655

    

648

    

564

  

Subadvised and separate accounts and other investment products

            

 Equity and blended assets

  

372

    

369

    

299

  

 Fixed income, including money market

  

109

    

108

    

99

  
   

481

    

477

    

398

  

Total assets under management

  

$

1,136

    

$

1,125

    

$

962

  


Target date retirement products

  

$

271

    

$

269

    

$

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-july-2019-300899928.html

SOURCE T. Rowe Price Group, Inc.

Public Relations, Brian Lewbart, 410-345-2242, brian_lewbart@troweprice.com; Investor Relations, Meghan Azevedo, 410-345-2756, meghan_azevedo@troweprice.com