U.S. Markets closed

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

BALTIMORE, Nov. 12, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (TROW) today reported preliminary month-end assets under management of $1.15 trillion as of October 31, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion in October 2019 and $20.6 billion for the year-to-date period ended October 31, 2019.

The firm's assets under management as of October 31, 2019, and for the 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)


10/31/2019


9/30/2019


12/31/2018

U.S. mutual funds







 Equity and blended assets


$

522



$

513



$

441


 Fixed income, including money market


130



130



123




652



643



564


Subadvised and separate accounts and other investment products






 Equity and blended assets


382



373



299


 Fixed income, including money market


111



110



99




493



483



398


Total assets under management


$

1,145



$

1,126



$

962















Target date retirement products


$

277



$

272



$

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.

Cision

View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-october-2019-300956370.html