Company Announcements

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For December 2019

BALTIMORE, Jan. 13, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.21 trillion as of December 31, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.3 billion in December 2019, and $3.7 billion for the quarter-ended December 31, 2019.  This brings total client transfers for 2019 to $23.2 billion.

The firm's assets under management as of December 31, 2019, and for the 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)


12/31/2019


11/30/2019


9/30/2019


12/31/2018

U.S. mutual funds









 Equity and blended assets


$

553



$

542



$

513



$

441


 Fixed income, including money market


130



130



130



123




683



672



643



564


Subadvised and separate accounts and other investment products









 Equity and blended assets


412



399



373



299


 Fixed income, including money market


112



110



110



99




524



509



483



398


Total assets under management


$

1,207



$

1,181



$

1,126



$

962


Target date retirement products


$

292



$

282



$

272



$

230


(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.