T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For June 2018

BALTIMORE, July 12, 2018 /PRNewswire/ — T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.04 trillion as of June 30, 2018. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.2 billion in June 2018 and $4.7 billion for the quarter-ended June 30, 2018. This brings total client transfers for the year-to-date period ended June 30, 2018, to $13.6 billion.

The firm’s assets under management as of June 30, 2018, 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)

6/30/2018

5/31/2018

3/31/2018

12/31/2017

U.S. mutual funds

 Equity and blended assets

$

498

$

496

484

$

480

 Fixed income and money market

129

129

129

126

626

625

613

606

Subadvised and separately managed accounts and other investment products

 Equity and blended assets

320

316

305

292

 Fixed income and money market

98

97

96

93

418

413

401

385

Total assets under management

$

1,044

$

1,038

$

1,014

$

991

Target date retirement products(b)

$

244

$

243

$

240

$

234

(a) Preliminary – subject to adjustment

(b) Includes the assets under management of the firm’s target date retirement mutual funds and trusts as well as those target date retirement portfolios managed in separate accounts.

 

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.

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