T. Rowe Price Reports Rise in April Assets Under Management
10:04 AM EDT, 05/12/2021 (MT Newswires) -- T. Rowe Price (TROW) said Wednesday its preliminary assets under management increased to $1.593 trillion in April from $1.518 trillion as of March.
Assets under management for the company's US mutual funds totaled $850 billion versus $816 billion in March. Subadvised and separate accounts and other investment stood at $743 billion, compared with $702 billion.
Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $5.9 billion, according to the statement.
Shares rose 2% in morning trading Wednesday.
Price: 188.44, Change: +3.67, Percent Change: +1.98