Release Details

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

September 12, 2019

BALTIMORE, Sept. 12, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.12 trillion as of August 31, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.2 billion for the month and quarter-to-date period ended August 31, 2019.  This brings total client transfers for the year-to-date period ended August 31, 2019, to $14.2 billion.

The firm's assets under management as of August 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)

8/31/2019

 

7/31/2019

 

6/30/2019

 

12/31/2018

U.S. mutual funds

             

 Equity and blended assets

$

517

   

$

526

   

$

521

   

$

441

 

 Fixed income, including money market

130

   

129

   

127

   

123

 
 

647

   

655

   

648

   

564

 

Subadvised and separate accounts
and other investment products

             

 Equity and blended assets

366

   

372

   

369

   

299

 

 Fixed income, including money market

111

   

109

   

108

   

99

 
 

477

   

481

   

477

   

398

 

Total assets under management

$

1,124

   

$

1,136

   

$

1,125

   

$

962

 

Target date retirement products

$

269

   

$

271

   

$

269

   

$

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