T. Price Rowe logo

Release Details

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

September 12, 2019

BALTIMORE, Sept. 12, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.12 trillion as of August 31, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.2 billion for the month and quarter-to-date period ended August 31, 2019.  This brings total client transfers for the year-to-date period ended August 31, 2019, to $14.2 billion.

The firm's assets under management as of August 31, 2019, 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)

8/31/2019

  

7/31/2019

  

6/30/2019

  

12/31/2018

U.S. mutual funds

              

 Equity and blended assets

$

517

    

$

526

    

$

521

    

$

441

  

 Fixed income, including money market

130

    

129

    

127

    

123

  
 

647

    

655

    

648

    

564

  

Subadvised and separate accounts
and other investment products

              

 Equity and blended assets

366

    

372

    

369

    

299

  

 Fixed income, including money market

111

    

109

    

108

    

99

  
 

477

    

481

    

477

    

398

  

Total assets under management

$

1,124

    

$

1,136

    

$

1,125

    

$

962

  

Target date retirement products

$

269

    

$

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-august-2019-300917045.html

SOURCE T. Rowe Price Group, Inc.

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