PR Newswire
BALTIMORE, July 13, 2017
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 $7.6 billion for the month- and quarter-ended June 30,
2017, respectively.
The firm's assets under management as of June 30, 2017, and for prior quarter and year-end, by investment vehicle, asset
class, and in the firm's retirement date portfolios are as follows:
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As of
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Preliminary(a)
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(in billions)
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6/30/2017
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3/31/2017
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12/31/2016
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Sponsored U.S. mutual funds
|
|
|
|
|
|
|
|
Stock and blended asset
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$
|
446
|
|
|
$
|
431
|
|
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$
|
401
|
|
|
Bond and money market
|
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121
|
|
|
118
|
|
|
113
|
|
|
|
567
|
|
|
549
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|
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514
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|
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Other investment portfolios
|
|
|
|
|
|
|
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Stock and blended asset
|
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254
|
|
|
235
|
|
|
221
|
|
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Bond, money market, and stable value
|
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83
|
|
|
78
|
|
|
76
|
|
|
|
337
|
|
|
313
|
|
|
297
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|
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Total assets under management
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$
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904
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$
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862
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$
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811
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|
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Target date retirement portfolios
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$
|
214
|
|
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$
|
203
|
|
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$
|
189
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|
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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 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.