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

BALTIMORE, April 13, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.01 trillion as of March 31, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.7 billion in March 2020 and $4.4 billion for the quarter-ended March 31, 2020.

The firm's assets under management as of March 31, 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)


3/31/2020


2/29/2020


12/31/2019

U.S. mutual funds







 Equity and blended assets


$

444



$

514



$

553


 Fixed income, including money market


118



133



130




562



647



683


Subadvised and separate accounts and other investment products







 Equity and blended assets


341



389



412


 Fixed income, including money market


106



114



112




447



503



524


Total assets under management


$

1,009



$

1,150



$

1,207















Target date retirement products


$

242



$

277



$

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.