T. Rowe Price Group (NASDAQ:TROW) preliminary assets under management fall 6.8% to $962B at Dec. 31, 2018 from $1.03T at Nov. 30, 2018.
Client transfers from mutual funds to other portfolios, including trusts and separate accounts were $1.9B in December.
Under U.S. mutual funds, equity and blended assets AUM of $441B at Dec.-end slips from $485B at Nov.-end.; fixed income and money market AUM falls to $123B from $126B.
Under subadvised and separately managed accounts and other investment products, equity and blended assets AUM of $299B at Dec.-end vs. $323B at Nov. end; fixed income and money market AUM $99B vs. $98B.
