T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For June 2018
PR Newswire
BALTIMORE, July 12, 2018
BALTIMORE, July 12, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.04 trillion as of June 30, 2018. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.2 billion in June 2018 and $4.7 billion for the quarter-ended June 30, 2018. This brings total client transfers for the year-to-date period ended June 30, 2018, to $13.6 billion.
The firm's assets under management as of June 30, 2018, 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) |
6/30/2018 |
5/31/2018 |
3/31/2018 |
12/31/2017 | ||||||||||||
U.S. mutual funds |
||||||||||||||||
Equity and blended assets |
$ |
498 |
$ |
496 |
484 |
$ |
480 |
|||||||||
Fixed income and money market |
129 |
129 |
129 |
126 |
||||||||||||
626 |
625 |
613 |
606 |
|||||||||||||
Subadvised and separately managed accounts and other investment products |
||||||||||||||||
Equity and blended assets |
320 |
316 |
305 |
292 |
||||||||||||
Fixed income and money market |
98 |
97 |
96 |
93 |
||||||||||||
418 |
413 |
401 |
385 |
|||||||||||||
Total assets under management |
$ |
1,044 |
$ |
1,038 |
$ |
1,014 |
$ |
991 |
||||||||
Target date retirement products(b) |
$ |
244 |
$ |
243 |
$ |
240 |
$ |
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. |
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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