T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For December 2017

BALTIMORE, Jan. 11, 2018 /PRNewswire/ — T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $991 billion as of December 31, 2017. Client transfers from mutual funds to other portfolios were $1.7 billion and $4.2 billion for the month- and quarter-ended December 31, 2017, respectively.

The firm’s assets under management as of December 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:

	As of
	Preliminary^(a)
(in billions)	12/31/2017		11/30/2017		9/30/2017		12/31/2016
Sponsored U.S. mutual funds
Stock and blended asset	$	480	$	483	$	462	$	401
Bond and money market	126		126		123		113
	606		609		585		514
Other investment portfolios
Stock and blended asset	292		290		273		221
Bond, money market, and stable value	93		92		90		76
	385		382		363		297
Total assets under management	$	991	$	991	$	948	$	811
Target date retirement portfolios	$	232	$	232	$	223	$	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.

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