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T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For January 2018

February 12, 2018

 

BALTIMORE, Feb. 12, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.05 trillion as of January 31, 2018.  Client transfers from mutual funds to other portfolios were $3.7 billion for the month-ended January 31, 2018.

The firm's assets under management as of January 31, 2018 and for prior 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)

  

1/31/2018

  

12/31/2017

Sponsored U.S. mutual funds

        

 Stock and blended asset

  

$

509

    

$

480

  

 Bond and money market

  

128

    

126

  
   

637

    

606

  

Other investment portfolios

        

 Stock and blended asset

  

315

    

292

  

 Bond, money market, and stable value

  

95

    

93

  
   

410

    

385

  

Total assets under management

  

$

1,047

    

$

991

  
                 

Target date retirement portfolios

  

$

244

    

$

232

  

(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-january-2018-300596839.html

SOURCE T. Rowe Price Group, Inc.

 

 

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