T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For September 2018
Mittwoch, 10.10.2018 14:35 von PR Newswire
PR Newswire
BALTIMORE, Oct. 10, 2018
BALTIMORE, Oct. 10, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.08 trillion as of September 30, 2018. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion in September 2018, and $3.2 billion for the quarter-ended September 30, 2018. This brings total client transfers for the year-to-date period ended September 30, 2018, to $16.8 billion.
The firm's assets under management as of September 30, 2018, 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) | 9/30/2018 | 8/31/2018 | 6/30/2018 | 12/31/2017 | ||||||||||||
U.S. mutual funds | ||||||||||||||||
Equity and blended assets | $ | 515 | $ | 518 | $ | 497 | $ | 480 | ||||||||
Fixed income and money market | 130 | 130 | 129 | 126 | ||||||||||||
645 | 648 | 626 | 606 | |||||||||||||
Subadvised and separately managed accounts and other investment products | ||||||||||||||||
Equity and blended assets | 339 | 338 | 320 | 292 | ||||||||||||
Fixed income and money market | 100 | 100 | 98 | 93 | ||||||||||||
439 | 438 | 418 | 385 | |||||||||||||
Total assets under management | $ | 1,084 | $ | 1,086 | $ | 1,044 | $ | 991 | ||||||||
Target date retirement products(b) | $ | 252 | $ | 253 | $ | 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.
SOURCE T. Rowe Price Group, Inc.