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March 11, 2020, 8:30 a.m. EDT

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 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.

The 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:



As of


Preliminary(a)



(in billions)
2/29/2020
1/31/2020
12/31/2019
U.S. mutual funds





 Equity and blended assets
$ 514

$ 550

$ 553
 Fixed income, including money market
133

133

130


647

683

683
Subadvised and separate accounts and other investment products





 Equity and blended assets
389

416

412
 Fixed income, including money market
114

113

112


503

529

524
Total assets under management
$ 1,150

$ 1,212

$ 1,207
Target date retirement products
$ 277

$ 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.

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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

SOURCE T. Rowe Price Group, Inc.

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