T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $904 billion as of June 30, 2017. Client transfers from mutual funds to other portfolios were $4.2 billion and $7.6 billion for the month- and quarter-ended June 30, 2017, respectively.
The firm’s assets under management as of June 30, 2017, and for prior quarter and year-end, by investment vehicle, asset class, and in the firm's retirement date portfolios are as follows:
|
|
As of |
||||||||||
|
|
Preliminary(a) |
|
|
|
|
||||||
(in billions) |
|
6/30/2017 |
|
3/31/2017 |
|
12/31/2016 |
||||||
Sponsored U.S. mutual funds |
|
|
|
|
|
|
||||||
Stock and blended asset |
|
$ |
446 |
|
|
$ |
431 |
|
|
$ |
401 |
|
Bond and money market |
|
121 |
|
|
118 |
|
|
113 |
|
|||
|
|
567 |
|
|
549 |
|
|
514 |
|
|||
Other investment portfolios |
|
|
|
|
|
|
||||||
Stock and blended asset |
|
254 |
|
|
235 |
|
|
221 |
|
|||
Bond, money market, and stable value |
|
83 |
|
|
78 |
|
|
76 |
|
|||
|
|
337 |
|
|
313 |
|
|
297 |
|
|||
Total assets under management |
|
$ |
904 |
|
|
$ |
862 |
|
|
$ |
811 |
|
Target date retirement portfolios |
|
$ |
214 |
|
|
$ |
203 |
|
|
$ |
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 company 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.