BALTIMORE, Feb. 12, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.04 trillion as of January 31, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.7 billion in January 2019.
The firm's assets under management as of January 31, 2019, and for the prior 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) | 1/31/2019 | 12/31/2018 | ||||||
U.S. mutual funds | ||||||||
Equity and blended assets | $ | 485 | $ | 441 | ||||
Fixed income, including money market | 122 | 123 | ||||||
607 | 564 | |||||||
Subadvised and separate accounts and other investment products | ||||||||
Equity and blended assets | 332 | 299 | ||||||
Fixed income, including money market | 100 | 99 | ||||||
432 | 398 | |||||||
Total assets under management | $ | 1,039 | $ | 962 | ||||
Target date retirement products | $ | 247 | $ | 230 |
(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.
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SOURCE T. Rowe Price Group, Inc.
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