BALTIMORE, Jan. 11, 2018 /PRNewswire/ -- T. Rowe Price
Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end
assets under management of $991
billion as of December 31, 2017. Client transfers from
mutual funds to other portfolios were $1.7
billion and $4.2 billion for
the month- and quarter-ended December 31, 2017,
respectively.
The firm's assets under management as of December 31, 2017,
and for 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)
|
|
12/31/2017
|
|
11/30/2017
|
|
9/30/2017
|
|
12/31/2016
|
Sponsored U.S. mutual
funds
|
|
|
|
|
|
|
|
|
Stock and
blended asset
|
|
$
|
480
|
|
|
$
|
483
|
|
|
$
|
462
|
|
|
$
|
401
|
|
Bond and money
market
|
|
126
|
|
|
126
|
|
|
123
|
|
|
113
|
|
|
|
606
|
|
|
609
|
|
|
585
|
|
|
514
|
|
Other investment
portfolios
|
|
|
|
|
|
|
|
|
Stock and
blended asset
|
|
292
|
|
|
290
|
|
|
273
|
|
|
221
|
|
Bond, money
market, and stable value
|
|
93
|
|
|
92
|
|
|
90
|
|
|
76
|
|
|
|
385
|
|
|
382
|
|
|
363
|
|
|
297
|
|
Total assets under
management
|
|
$
|
991
|
|
|
$
|
991
|
|
|
$
|
948
|
|
|
$
|
811
|
|
Target date
retirement portfolios
|
|
$
|
232
|
|
|
$
|
232
|
|
|
$
|
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.