Release Details

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