BALTIMORE, Oct. 10, 2019 /PRNewswire/ -- 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 $19.5 billion.
The firm's assets under management as of September 30, 2019, and for the prior month-,
quarter-, and year-end, by investment vehicle, asset class, and in
the firm's target date retirement portfolios are as follows:
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As of
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Preliminary(a)
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(in
billions)
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9/30/2019
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8/31/2019
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6/30/2019
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12/31/2018
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U.S. mutual
funds
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|
|
|
|
|
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Equity and blended
assets
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$
|
513
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$
|
517
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$
|
521
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$
|
441
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Fixed income,
including money market
|
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130
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130
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127
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123
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643
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647
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648
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564
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Subadvised and
separate accounts and other investment products
|
|
|
|
|
|
|
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Equity and blended
assets
|
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373
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366
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369
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|
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299
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Fixed income,
including money market
|
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110
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111
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108
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|
99
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|
|
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483
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|
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477
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477
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|
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398
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Total assets under
management
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$
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1,126
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$
|
1,124
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$
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1,125
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$
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962
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Target date
retirement products
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$
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272
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$
|
269
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$
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269
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$
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230
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(a) Preliminary
- subject to adjustment
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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.
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SOURCE T. Rowe Price Group, Inc.