T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For August 2019

BALTIMORE, Sept. 12, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.12 trillion as of August 31, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.2 billion for the month and quarter-to-date period ended August 31, 2019.  This brings total client transfers for the year-to-date period ended August 31, 2019, to $14.2 billion.

The firm's assets under management as of August 31, 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)

8/31/2019



7/31/2019



6/30/2019



12/31/2018

U.S. mutual funds















 Equity and blended assets

$

517





$

526





$

521





$

441



 Fixed income, including money market

130





129





127





123





647





655





648





564



Subadvised and separate accounts

and other investment products















 Equity and blended assets

366





372





369





299



 Fixed income, including money market

111





109





108





99





477





481





477





398



Total assets under management

$

1,124





$

1,136





$

1,125





$

962



Target date retirement products

$

269





$

271





$

269





$

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-august-2019-300917045.html

SOURCE T. Rowe Price Group, Inc.

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