T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.15 trillion as of February 29, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.9 billion in February 2020 and $3.7 billion for the quarter-to-date period ended February 29, 2020.
The firm's assets under management as of February 29, 2020, 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) | 2/29/2020 | 1/31/2020 | 12/31/2019 | |||
| U.S. mutual funds | ||||||
| Equity and blended assets | $ | 514 | $ | 550 | $ | 553 |
| Fixed income, including money market | 133 | 133 | 130 | |||
| 647 | 683 | 683 | ||||
| Subadvised and separate accounts and other investment products | ||||||
| Equity and blended assets | 389 | 416 | 412 | |||
| Fixed income, including money market | 114 | 113 | 112 | |||
| 503 | 529 | 524 | ||||
| Total assets under management | $ | 1,150 | $ | 1,212 | $ | 1,207 |
| Target date retirement products | $ | 277 | $ | 292 | $ | 292 |
(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.(a) Preliminary - subject to adjustment
