Press release
T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For February 2020
BALTIMORE, March 11, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.15
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"BALTIMORE, March 11, 2020 /PRNewswire/ -- 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 $3.7 billion for the quarter-to-date period ended February 29, 2020.\nThe firm's assets under management as of February 29, 2020, and for the prior month- and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:\nAs of\nPreliminary(a)\n(in billions)\n2/29/2020\n1/31/2020\n12/31/2019\nU.S. mutual funds\n Equity and blended assets\n$\n514\n$\n550\n$\n553\n Fixed income, including money market\n133\n133\n130\n647\n683\n683\nSubadvised and separate accounts and other investment products\n Equity and blended assets\n389\n416\n412\n Fixed income, including money market\n114\n113\n112\n503\n529\n524\nTotal assets under management\n$\n1,150\n$\n1,212\n$\n1,207\nTarget date retirement products\n$\n277\n$\n292\n$\n292\n(a) Preliminary - subject to adjustment \n \nFounded 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.\n View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-february-2020-301021480.html\nSOURCE T. Rowe Price Group, Inc.","length":32206,"tagName":"div"}]