BALTIMORE, April 13, 2020 /PRNewswire/ -- T. Rowe Price
Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end
assets under management of $1.01
trillion as of March 31, 2020. Client transfers from
mutual funds to other portfolios, including trusts and separate
accounts, were $0.7 billion in
March 2020 and $4.4 billion for the quarter-ended March 31,
2020.
The firm's assets under management as of March 31, 2020,
and for the prior month- 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
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|
Preliminary(a)
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|
|
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(in
billions)
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3/31/2020
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2/29/2020
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12/31/2019
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U.S. mutual
funds
|
|
|
|
|
|
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|
Equity and
blended assets
|
|
$
|
444
|
|
|
$
|
514
|
|
|
$
|
553
|
|
|
Fixed income,
including money market
|
|
118
|
|
|
133
|
|
|
130
|
|
|
|
562
|
|
|
647
|
|
|
683
|
|
|
Subadvised and
separate accounts and other investment products
|
|
|
|
|
|
|
|
Equity and
blended assets
|
|
341
|
|
|
389
|
|
|
412
|
|
|
Fixed income,
including money market
|
|
106
|
|
|
114
|
|
|
112
|
|
|
|
447
|
|
|
503
|
|
|
524
|
|
|
Total assets under
management
|
|
$
|
1,009
|
|
|
$
|
1,150
|
|
|
$
|
1,207
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Target date
retirement products
|
|
$
|
242
|
|
|
$
|
277
|
|
|
$
|
292
|
|
|
|
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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.