T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.15 trillion as of October 31, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion in October 2019 and $20.6 billion for the year-to-date period ended October 31, 2019.
The firm's assets under management as of October 31, 2019, and for the prior 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) | 10/31/2019 | 9/30/2019 | 12/31/2018 | |||
| U.S. mutual funds | ||||||
| Equity and blended assets | $ | 522 | $ | 513 | $ | 441 |
| Fixed income, including money market | 130 | 130 | 123 | |||
| 652 | 643 | 564 | ||||
| Sub advised and separate accounts and other investment products | ||||||
| Equity and blended assets | 382 | 373 | 299 | |||
| Fixed income, including money market | 111 | 110 | 99 | |||
| 493 | 483 | 398 | ||||
| Total assets under management | $ | 1,145 | $ | 1,126 | $ | 962 |
| Target date retirement products | $ | 277 | $ | 272 | $ | 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.
