BALTIMORE, Dec. 10, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.18 trillion as of November 30, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.3 billion in November 2019 and $1.4 billion for the quarter-to-date period ended November 30, 2019. This brings total client transfers for the year-to-date period ended November 30, 2019, to $20.9 billion.
The firm's assets under management as of November 30, 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)
|
|
|
|
|
|
|
(in billions)
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| 11/30/2019
|
| 10/31/2019
|
| 9/30/2019
|
| 12/31/2018
|
U.S. mutual funds
|
|
|
|
|
|
|
|
|
Equity and blended assets
|
| $
| 542
|
|
| $
| 522
|
|
| $
| 513
|
|
| $
| 441
|
|
Fixed income, including money market
|
| 130
|
|
| 130
|
|
| 130
|
|
| 123
|
|
|
| 672
|
|
| 652
|
|
| 643
|
|
| 564
|
|
Subadvised and separate accounts and other investment products
|
|
|
|
|
|
|
|
|
Equity and blended assets
|
| 399
|
|
| 382
|
|
| 373
|
|
| 299
|
|
Fixed income, including money market
|
| 110
|
|
| 111
|
|
| 110
|
|
| 99
|
|
|
| 509
|
|
| 493
|
|
| 483
|
|
| 398
|
|
Total assets under management
|
| $
| 1,181
|
|
| $
| 1,145
|
|
| $
| 1,126
|
|
| $
| 962
|
|
Target date retirement products
|
| $
| 282
|
|
| $
| 277
|
|
| $
| 272
|
|
| $
| 230
|
|
|
(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.