T. ROWE PRICE GROUP BALTIMORE, Oct. 11, 2017 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $948 billion as of September 30, 2017. Client transfers from mutual funds to other portfolios were $2.9 billion and $8.1 billion for the month- and quarter-ended September 30, 2017, respectively.
The firm's assets under management as of September 30, 2017, and for 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) 9/30/2017 8/31/2017 6/30/2017 12/31/2016
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Sponsored U.S. mutual funds
Stock and blended asset $462 $455 $446 $401
Bond and money market 123 124 121 113
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585 579 567 514
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Other investment portfolios
Stock and blended asset 273 267 254 221
Bond, money market, and stable value 90 88 83 76
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363 355 337 297
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Total assets under management $948 $934 $904 $811
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Target date retirement portfolios $223 $220 $214 $189
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(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.
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SOURCE T. Rowe Price Group, Inc.
