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

November 12, 2019

BALTIMORE, Nov. 12, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.15 trillion as of October 31, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion in October 2019 and $20.6 billion for the year-to-date period ended October 31, 2019.

The firm's assets under management as of October 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)

  

10/31/2019

  

9/30/2019

  

12/31/2018

U.S. mutual funds

            

 Equity and blended assets

  

$

522

    

$

513

    

$

441

  

 Fixed income, including money market

  

130

    

130

    

123

  
   

652

    

643

    

564

  

Subadvised and separate accounts and other investment products

          

 Equity and blended assets

  

382

    

373

    

299

  

 Fixed income, including money market

  

111

    

110

    

99

  
   

493

    

483

    

398

  

Total assets under management

  

$

1,145

    

$

1,126

    

$

962

  
                         

Target date retirement products

  

$

277

    

$

272

    

$

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.

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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