T. Rowe Price Group (TROW) announced that it has registered about 1% sequential growth in preliminary assets under management (AUM) during the month ended July 31 to $1.64 trillion. This increase was mainly driven by a rise in equity assets. Also, the Baltimore-based global investment manager witnessed an 11.3% year-to-date growth in its AUM. T. Rowe Price’s client transfers from mutual funds to other portfolios, including trusts and separate accounts, stood at $0.3 billion in July. March-end total assets in the U.S. mutual funds portfolio came in at $874 billion, almost 1% up from the prior month. Equity assets make up 63.7% of the portfolio, 26.
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