T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.11 trillion as of April 30, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.4 billion in April 2019 and $8.5 billion for the year-to-date period ended April 30, 2019.
The firm's assets under management as of April 30, 2019, 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:
| As of | ||||||||||
| Preliminary(a) | ||||||||||
| (in billions) | 4/30/2019 | 3/31/2019 | 12/31/2018 | |||||||
| U.S. mutual funds | ||||||||||
| Equity and blended assets | $ | 522 | $ | 507 | $ | 441 | ||||
| Fixed income, including money market | 124 | 124 | 123 | |||||||
| 646 | 631 | 564 | ||||||||
| Subadvised and separate accounts and other investment products | ||||||||||
| Equity and blended assets | 364 | 348 | 299 | |||||||
| Fixed income, including money market | 104 | 103 | 99 | |||||||
| 468 | 451 | 398 | ||||||||
| Total assets under management | $ | 1,114 | $ | 1,082 | $ | 962 | ||||
| Target date retirement products | $ | 265 | $ | 258 | $ | 230 | ||||
| (a) Preliminary - subject to adjustment | ||||||||||
Founded in 1937, Baltimore-based T. Rowe Price (TROW) (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.
