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

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

PR Newswire

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.

Cision View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-june-2018-300680088.html

SOURCE T. Rowe Price Group, Inc.

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