T. Rowe Price Group, Inc.
Jan 11, 2018

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For December 2017

BALTIMORE, Jan. 11, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $991 billion as of December 31, 2017. Client transfers from mutual funds to other portfolios were $1.7 billion and $4.2 billion for the month- and quarter-ended December 31, 2017, respectively.

The firm's assets under management as of December 31, 2017, and for prior month, quarter, and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:

 



As of



Preliminary(a)







(in billions)


12/31/2017


11/30/2017


9/30/2017


12/31/2016

Sponsored U.S. mutual funds









 Stock and blended asset


$

480



$

483



$

462



$

401


 Bond and money market


126



126



123



113




606



609



585



514


Other investment portfolios









 Stock and blended asset


292



290



273



221


 Bond, money market, and stable value


93



92



90



76




385



382



363



297


Total assets under management


$

991



$

991



$

948



$

811


Target date retirement portfolios


$

232



$

232



$

223



$

189



 (a) Preliminary - subject to adjustment

 

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.

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