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

March 12, 2018

BALTIMORE, March 12, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.02 trillion as of February 28, 2018.  Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $4.8 billion for the month-ended February 28, 2018.

The firm's assets under management as of February 28, 2018 and for prior month- 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)

2/28/2018

1/31/2018

12/31/2017

Sponsored U.S. mutual funds





 Stock and blended asset

$

489

$

509

$

480

 Bond and money market

127

128

126


616

637

606

Other investment portfolios





 Stock and blended asset

310

315

292

 Bond, money market, and stable value

97

95

93


407

410

385

Total assets under management

$

1,023

$

1,047

$

991

Target date retirement portfolios(b)

$

240

$

246

$

234

(a) Preliminary - subject to adjustment

(b) Includes the assets under management of the firm's target date retirement mutual funds and trusts as well as those target date retirement portfolios managed in separate accounts.  The prior periods have been updated to also include the assets under management of the target date retirement portfolios managed in separate accounts as the disclosure previously only included the firm's target date retirement mutual funds and trusts.

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.

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