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T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For July 2017

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BALTIMORE, Aug. 10, 2017 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $927 billion as of July 31, 2017.  Client transfers from mutual funds to other portfolios were $3.8 billion for the month ended July 31, 2017.

The firm's assets under management as of July 31, 2017, and for prior 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)


7/31/2017


6/30/2017


12/31/2016

Sponsored U.S. mutual funds







 Stock and blended asset


$

453



$

446



$

401


 Bond and money market


122



121



113




575



567



514


Other investment portfolios







 Stock and blended asset


265



254



221


 Bond, money market, and stable value


87



83



76




352



337



297


Total assets under management


$

927



$

904



$

811




























Target date retirement portfolios


$

219



$

214



$

189


(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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