T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For April 2019
May 10, 2019, 08:30 ET
BALTIMORE, May 10, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.11 trillion as of April 30, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.4 billion in April 2019 and $8.5 billion for the year-to-date period ended April 30, 2019.
The firm's assets under management as of April 30, 2019, 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 |
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Preliminary(a) |
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(in billions) |
4/30/2019 |
3/31/2019 |
12/31/2018 |
|||||||||
U.S. mutual funds |
||||||||||||
Equity and blended assets |
$ |
522 |
$ |
507 |
$ |
441 |
||||||
Fixed income, including money market |
124 |
124 |
123 |
|||||||||
646 |
631 |
564 |
||||||||||
Subadvised and separate accounts and other investment products |
||||||||||||
Equity and blended assets |
364 |
348 |
299 |
|||||||||
Fixed income, including money market |
104 |
103 |
99 |
|||||||||
468 |
451 |
398 |
||||||||||
Total assets under management |
$ |
1,114 |
$ |
1,082 |
$ |
962 |
||||||
Target date retirement products |
$ |
265 |
$ |
258 |
$ |
230 |
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(a) Preliminary - subject to adjustment |
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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.
