BALTIMORE, Aug. 12, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.14 trillion as of July 31, 2019. Client transfers from mutual funds to other portfolios, including trusts and separate accounts were negligible for the month of July. Client transfers for the year-to-date period ending July 31, 2019 were $12.0 billion.

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


7/31/2019


6/30/2019


12/31/2018

U.S. mutual funds







 Equity and blended assets


$

526



$

521



$

441


 Fixed income, including money market


129



127



123




655



648



564


Subadvised and separate accounts and other investment products







 Equity and blended assets


372



369



299


 Fixed income, including money market


109



108



99




481



477



398


Total assets under management


$

1,136



$

1,125



$

962



Target date retirement products


$

271



$

269



$

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.