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T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For July 2018

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T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For July 2018

PR Newswire

BALTIMORE, Aug. 10, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.07 trillion as of July 31, 2018. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.5 billion in July 2018 and $14.1 billion for the year-to-date period ended July 31, 2018.

The firm's assets under management as of July 31, 2018, and for the 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)


7/31/2018


6/30/2018


12/31/2017


U.S. mutual funds








 Equity and blended assets


$

508



$

497



$

480


 Fixed income and money market


130



129



126




638



626



606


Subadvised and separately managed accounts and other investment products



 Equity and blended assets


329



320



292


 Fixed income and money market


98



98



93




427



418



385


Total assets under management


$

1,065



$

1,044



$

991



Target date retirement products(b)


$

251



$

244



$

234


(a)

Preliminary - subject to adjustment

(b)

Includes the assets under management of the firm's target date retirement mutual funds and trusts as well as those target date retirement portfolios managed in separate accounts.

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-july-2018-300695382.html

SOURCE T. Rowe Price Group, Inc.

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