T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For October 2018 - T. Rowe Price Gr (NASDAQ:TROW)

BALTIMORE, Nov. 12, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.01 trillion as of October 31, 2018. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.2 billion in October 2018 and $18.0 billion for the year-to-date period ended October 31, 2018.

The firm's assets under management as of October 31, 2018, and for the prior 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)	10/31/2018		9/30/2018		12/31/2017
U.S. mutual funds
Equity and blended assets	$	474	$	515	$	480
Fixed income and money market	128		130		126
	602		645		606
Subadvised and separately managed accounts and other investment products
Equity and blended assets	314		339		292
Fixed income and money market	97		100		93
	411		439		385
Total assets under management	$	1,013	$	1,084	$	991

Target date retirement products^(b)	$	238	$	252	$	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.

SOURCE T. Rowe Price Group, Inc.

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