BALTIMORE, June 12, 2019 /PRNewswire/ -- T. Rowe Price
Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end
assets under management of $1.07
trillion as of May 31, 2019. Client transfers from
mutual funds to other portfolios, including trusts and separate
accounts, were $0.3 billion in
May 2019 and $2.7 billion for the quarter-to-date period ended
May 31, 2019. This brings total client transfers for the
year-to-date period ended May 31, 2019, to $8.8 billion.
The firm's assets under management as of May 31, 2019, and
for the prior month-, quarter-, and year-end, by investment
vehicle, asset class, and in the firm's target date retirement
portfolios are as follows:
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As of
|
|
|
Preliminary(a)
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|
|
|
|
|
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(in
billions)
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5/31/2019
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4/30/2019
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3/31/2019
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12/31/2018
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U.S. mutual
funds
|
|
|
|
|
|
|
|
|
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Equity and
blended assets
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$
|
494
|
|
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$
|
522
|
|
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$
|
507
|
|
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$
|
441
|
|
|
Fixed income,
including money market
|
|
126
|
|
|
124
|
|
|
124
|
|
|
123
|
|
|
|
620
|
|
|
646
|
|
|
631
|
|
|
564
|
|
|
Subadvised and
separate accounts and other investment products
|
|
|
|
|
|
|
|
|
|
Equity and
blended assets
|
|
344
|
|
|
364
|
|
|
348
|
|
|
299
|
|
|
Fixed income,
including money market
|
|
106
|
|
|
104
|
|
|
103
|
|
|
99
|
|
|
|
450
|
|
|
468
|
|
|
451
|
|
|
398
|
|
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Total assets under
management
|
|
$
|
1,070
|
|
|
$
|
1,114
|
|
|
$
|
1,082
|
|
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$
|
962
|
|
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Target date
retirement products
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$
|
256
|
|
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$
|
265
|
|
|
$
|
258
|
|
|
$
|
230
|
|
|
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(a) Preliminary -
subject to adjustment
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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.