T. Rowe Price Group Reports Preliminary Month-end Assets Under Management For June 2019 - T. Rowe Price Gr (NASDAQ:TROW)

BALTIMORE, July 11, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.13 trillion as of June 30, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $3.2 billion in June 2019, and $5.9 billion for the quarter-ended June 30, 2019. This brings total client transfers for the year-to-date period ended June 30, 2019, to $12.0 billion.

The firm's assets under management as of June 30, 2019, 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)	6/30/2019		5/31/2019		3/31/2019		12/31/2018
U.S. mutual funds
Equity and blended assets	$	521	$	494	$	507	$	441
Fixed income, including money market	127		126		124		123
	648		620		631		564
Subadvised and separate accounts and other investment products
Equity and blended assets	369		344		348		299
Fixed income, including money market	108		106		103		99
	477		450		451		398
Total assets under management	$	1,125	$	1,070	$	1,082	$	962
Target date retirement products	$	269	$	256	$	258	$	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.

SOURCE T. Rowe Price Group, Inc.

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