BALTIMORE, Dec. 12, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.03 trillion as of November 30, 2018. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.6 billion in November 2018 and $1.8 billion for the quarter-to-date period ended November 30, 2018. This brings total client transfers for the year-to-date period ended November 30, 2018, to $18.6 billion.
The firm's assets under management as of November 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) | 11/30/2018 | 10/31/2018 | 9/30/2018 | 12/31/2017 | ||||||||||||
U.S. mutual funds | ||||||||||||||||
Equity and blended assets | $ | 485 | $ | 474 | $ | 515 | $ | 480 | ||||||||
Fixed income and money market | 126 | 128 | 130 | 126 | ||||||||||||
611 | 602 | 645 | 606 | |||||||||||||
Subadvised and separately managed accounts and other investment products | ||||||||||||||||
Equity and blended assets | 323 | 314 | 339 | 292 | ||||||||||||
Fixed income and money market | 98 | 97 | 100 | 93 | ||||||||||||
421 | 411 | 439 | 385 | |||||||||||||
Total assets under management | $ | 1,032 | $ | 1,013 | $ | 1,084 | $ | 991 | ||||||||
Target date retirement products(b) | $ | 243 | $ | 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.
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SOURCE T. Rowe Price Group, Inc.
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