T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For October 2017

BALTIMORE, Nov. 10, 2017 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $971 billion as of October 31, 2017.  Client transfers from mutual funds to other portfolios were $2.5 billion for the month-ended October 31, 2017.

The firm's assets under management as of October 31, 2017, and for 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)


10/31/2017


9/30/2017


12/31/2016

Sponsored U.S. mutual funds







 Stock and blended asset


$

473



$

462



$

401


 Bond and money market


124



123



113




597



585



514


Other investment portfolios







 Stock and blended asset


282



273



221


 Bond, money market, and stable value


92



90



76




374



363



297


Total assets under management


$

971



$

948



$

811



Target date retirement portfolios


$

228



$

223



$

189




(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.

View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-october-2017-300553823.html

SOURCE T. Rowe Price Group, Inc.

Related Stocks:
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.