T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $934 billion as of August 31, 2017. Client transfers from mutual funds to other portfolios were $1.4 billion for the month-ended August 31, 2017.
The firm's assets under management as of August 31, 2017, and for prior month, quarter, and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:
|Sponsored U.S. mutual funds|
|Stock and blended asset||$||455||$||453||$||446||$||401|
|Bond and money market||124||122||121||113|
|Other investment portfolios|
|Stock and blended asset||267||265||254||221|
|Bond, money market, and stable value||88||87||83||76|
|Total assets under management||$||934||$||927||$||904||$||811|
|Target date retirement portfolios||$||220||$||219||$||214||$||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 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.