T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.13 trillion as of September 30, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $5.3 billion in September 2019, and $7.5 billion for the quarter-ended September 30, 2019. This brings total client transfers for the year-to-date period ended September 30, 2019, to $19.5 billion.
The firm's assets under management as of September 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:
| As of | ||||||||||||||
| Preliminary(a) | ||||||||||||||
| (in billions) | 9/30/2019 | 8/31/2019 | 6/30/2019 | 12/31/2018 | ||||||||||
| U.S. mutual funds | ||||||||||||||
| Equity and blended assets | $ | 513 | $ | 517 | $ | 521 | $ | 441 | ||||||
| Fixed income, including money market | 130 | 130 | 127 | 123 | ||||||||||
| 643 | 647 | 648 | 564 | |||||||||||
| Subadvised and separate accounts and other investment products | ||||||||||||||
| Equity and blended assets | 373 | 366 | 369 | 299 | ||||||||||
| Fixed income, including money market | 110 | 111 | 108 | 99 | ||||||||||
| 483 | 477 | 477 | 398 | |||||||||||
| Total assets under management | $ | 1,126 | $ | 1,124 | $ | 1,125 | $ | 962 | ||||||
| Target date retirement products | $ | 272 | $ | 269 | $ | 269 | $ | 230 | ||||||
| (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.
