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

December 10, 2019

BALTIMORE, Dec. 10, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.18 trillion as of November 30, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.3 billion in November 2019 and $1.4 billion for the quarter-to-date period ended November 30, 2019.  This brings total client transfers for the year-to-date period ended November 30, 2019, to $20.9 billion.

The firm's assets under management as of November 30, 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)

  

11/30/2019

  

10/31/2019

  

9/30/2019

  

12/31/2018

U.S. mutual funds

                

 Equity and blended assets

  

$

542

    

$

522

    

$

513

    

$

441

  

 Fixed income, including money market

  

130

    

130

    

130

    

123

  
   

672

    

652

    

643

    

564

  

Subadvised and separate accounts and other investment products

                

 Equity and blended assets

  

399

    

382

    

373

    

299

  

 Fixed income, including money market

  

110

    

111

    

110

    

99

  
   

509

    

493

    

483

    

398

  

Total assets under management

  

$

1,181

    

$

1,145

    

$

1,126

    

$

962

  

Target date retirement products

  

$

282

    

$

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.

 

 

 

Cision View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-november-2019-300972175.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