BALTIMORE, Nov. 10, 2017 /PRNewswire/ -- T. Rowe Price
Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end
assets under management of $971
billion as of October 31, 2017. Client transfers
from mutual funds to other portfolios were $2.5 billion for the month-ended October 31,
2017.
The firm's assets under management as of October 31, 2017,
and for 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)
|
|
10/31/2017
|
|
9/30/2017
|
|
12/31/2016
|
|
Sponsored U.S. mutual
funds
|
|
|
|
|
|
|
|
Stock and
blended asset
|
|
$
|
473
|
|
|
$
|
462
|
|
|
$
|
401
|
|
|
Bond and money
market
|
|
124
|
|
|
123
|
|
|
113
|
|
|
|
597
|
|
|
585
|
|
|
514
|
|
|
Other investment
portfolios
|
|
|
|
|
|
|
|
Stock and
blended asset
|
|
282
|
|
|
273
|
|
|
221
|
|
|
Bond, money
market, and stable value
|
|
92
|
|
|
90
|
|
|
76
|
|
|
|
374
|
|
|
363
|
|
|
297
|
|
|
Total assets under
management
|
|
$
|
971
|
|
|
$
|
948
|
|
|
$
|
811
|
|
|
|
Target date
retirement portfolios
|
|
$
|
228
|
|
|
$
|
223
|
|
|
$
|
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 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.