BALTIMORE, July 13, 2017 /PRNewswire/ -- T. Rowe Price
Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end
assets under management of $904
billion as of June 30, 2017. Client transfers from
mutual funds to other portfolios were $4.2
billion and $7.6 billion for
the month- and quarter-ended June 30,
2017, respectively.
The firm's assets under management as of June 30, 2017, and
for prior quarter and year-end, by investment vehicle, asset class,
and in the firm's retirement date portfolios are as follows:
|
|
As of
|
|
|
Preliminary(a)
|
|
|
|
|
|
(in
billions)
|
|
6/30/2017
|
|
3/31/2017
|
|
12/31/2016
|
|
Sponsored U.S. mutual
funds
|
|
|
|
|
|
|
|
Stock and
blended asset
|
|
$
|
446
|
|
|
$
|
431
|
|
|
$
|
401
|
|
|
Bond and money
market
|
|
121
|
|
|
118
|
|
|
113
|
|
|
|
567
|
|
|
549
|
|
|
514
|
|
|
Other investment
portfolios
|
|
|
|
|
|
|
|
Stock and
blended asset
|
|
254
|
|
|
235
|
|
|
221
|
|
|
Bond, money
market, and stable value
|
|
83
|
|
|
78
|
|
|
76
|
|
|
|
337
|
|
|
313
|
|
|
297
|
|
|
Total assets under
management
|
|
$
|
904
|
|
|
$
|
862
|
|
|
$
|
811
|
|
|
|
|
|
|
Target date
retirement portfolios
|
|
$
|
214
|
|
|
$
|
203
|
|
|
$
|
189
|
|
|
|
|
|
(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 company 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.