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

BALTIMORE, Oct. 10, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.13 trillion as of September 30, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $5.3 billion in September 2019, and $7.5 billion for the quarter-ended September 30, 2019. This brings total client transfers for the year-to-date period ended September 30, 2019, to $19.5 billion.

The firm's assets under management as of September 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)



9/30/2019



8/31/2019



6/30/2019



12/31/2018

U.S. mutual funds

















Equity and blended assets



$

513





$

517





$

521





$

441



Fixed income, including money market



130





130





127





123







643





647





648





564



Subadvised and separate accounts and other investment products

















Equity and blended assets



373





366





369





299



Fixed income, including money market



110





111





108





99







483





477





477





398



Total assets under management



$

1,126





$

1,124





$

1,125





$

962





































Target date retirement products



$

272





$

269





$

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-september-2019-300936479.html

SOURCE T. Rowe Price Group, Inc.

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