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T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For August 2019

BALTIMORE, Sept. 12, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (TROW) today reported preliminary month-end assets under management of $1.12 trillion as of August 31, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.2 billion for the month and quarter-to-date period ended August 31, 2019.  This brings total client transfers for the year-to-date period ended August 31, 2019, to $14.2 billion.

The firm's assets under management as of August 31, 2019, 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)

8/31/2019


7/31/2019


6/30/2019


12/31/2018

U.S. mutual funds








 Equity and blended assets

$

517



$

526



$

521



$

441


 Fixed income, including money market

130



129



127



123



647



655



648



564


Subadvised and separate accounts
and other investment products








 Equity and blended assets

366



372



369



299


 Fixed income, including money market

111



109



108



99



477



481



477



398


Total assets under management

$

1,124



$

1,136



$

1,125



$

962


Target date retirement products

$

269



$

271



$

269



$

230


















(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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