T. Rowe Price Group Reports Preliminary Month-End Assets Under Management for January 2019

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.

 

 

Cision View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-january-2019-300794039.html

SOURCE T. Rowe Price Group, Inc.

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