T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For July 2017
Donnerstag, 10.08.2017 14:30 von PR Newswire
PR Newswire
BALTIMORE, Aug. 10, 2017
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.