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

January 13, 2020
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BALTIMORE, Jan. 13, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.21 trillion as of December 31, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.3 billion in December 2019, and $3.7 billion for the quarter-ended December 31, 2019.  This brings total client transfers for 2019 to $23.2 billion.

The firm's assets under management as of December 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)

12/31/2019

11/30/2019

9/30/2019

12/31/2018

U.S. mutual funds







 Equity and blended assets

$

553

$

542

$

513

$

441

 Fixed income, including money market

130

130

130

123


683

672

643

564

Subadvised and separate accounts and other investment products







 Equity and blended assets

412

399

373

299

 Fixed income, including money market

112

110

110

99


524

509

483

398

Total assets under management

$

1,207

$

1,181

$

1,126

$

962

Target date retirement products

$

292

$

282

$

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-december-2019-300985613.html

SOURCE T. Rowe Price Group, Inc.

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