BALTIMORE, Feb. 12, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.21 trillion as of January 31, 2020. Client transfers from mutual funds to other investment portfolios, including trusts and separate accounts, were $2.8 billion in January 2020.
The firm's assets under management as of January 31, 2020, and for the prior 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) | 1/31/2020 | 12/31/2019 | |||||||
U.S. mutual funds | |||||||||
Equity and blended assets | $ | 550 | $ | 553 | |||||
Fixed income, including money market | 133 | 130 | |||||||
683 | 683 | ||||||||
Subadvised and separate accounts and other investment products | |||||||||
Equity and blended assets | 416 | 412 | |||||||
Fixed income, including money market | 113 | 112 | |||||||
529 | 524 | ||||||||
Total assets under management | $ | 1,212 | $ | 1,207 | |||||
Target date retirement products | $ | 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.
View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-january-2020-301003691.html
SOURCE T. Rowe Price Group, Inc.