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T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For February 2020

March 11, 2020

BALTIMORE, March 11, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.15 trillion as of February 29, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.9 billion in February 2020 and $3.7 billion for the quarter-to-date period ended February 29, 2020.

The firm's assets under management as of February 29, 2020, and for the 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)

  

2/29/2020

  

1/31/2020

  

12/31/2019

U.S. mutual funds

            

 Equity and blended assets

  

$

514

    

$

550

    

$

553

  

 Fixed income, including money market

  

133

    

133

    

130

  
   

647

    

683

    

683

  

Subadvised and separate accounts and other
investment products

            

 Equity and blended assets

  

389

    

416

    

412

  

 Fixed income, including money market

  

114

    

113

    

112

  
   

503

    

529

    

524

  

Total assets under management

  

$

1,150

    

$

1,212

    

$

1,207

  

Target date retirement products

  

$

277

    

$

292

    

$

292

  

(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-february-2020-301021480.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