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T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For February 2020

BALTIMORE, March 11, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.15 trillion as of February 29, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.9 billion in February 2020 and $3.7 billion for the quarter-to-date period ended February 29, 2020.

The firm's assets under management as of February 29, 2020, and for the prior month- 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)


2/29/2020


1/31/2020


12/31/2019

U.S. mutual funds







 Equity and blended assets


$

514



$

550



$

553


 Fixed income, including money market


133



133



130




647



683



683


Subadvised and separate accounts and other
investment products







 Equity and blended assets


389



416



412


 Fixed income, including money market


114



113



112




503



529



524


Total assets under management


$

1,150



$

1,212



$

1,207


Target date retirement products


$

277



$

292



$

292


(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.