We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
T. Rowe Price (TROW) Records 5.7% Increase in January AUM
Read MoreHide Full Article
T. Rowe Price Group (TROW - Free Report) announced preliminary assets under management (AUM) of $1.05 trillion for January 2018. Results reflect 5.7% rise from $991 billion as of Dec 31, 2017.
Client transfers from mutual funds to other portfolios of $3.7 billion were recorded in January 2018.
Month-end total sponsored U.S. mutual funds came in at $637 billion, up nearly 5% from the prior month. Of the total sponsored U.S. mutual funds, around 80% were from stock and blended assets while the remaining 20% came from bond and money market.
Total other investment portfolios were $410 billion, reflecting an increase of 6.5% from the previous month. Overall, stock and blended assets accounted for $315 billion or 76.8% of other investment portfolios while bond, money market and stable value came in at $95 billion or 23.2%.
T. Rowe Price recorded $244 billion in target date retirement portfolios, which was up 5.2% from $232 billion in the prior month.
Our Viewpoint
T. Rowe Price’s organic growth remains impressive as can be seen from a continuous rise in revenues. Also, its planned strategic initiatives, including investment in technology and advisory services, bode well for the long term.
Shares of T. Rowe Price have gained 25.2% in the past six months, outperforming 7.7% rally of the industry it belongs to.
Franklin Resources (BEN - Free Report) declared preliminary AUM of $770.8 billion by its subsidiaries for January 2018, reflecting an increase of 2.3% from the prior month.
Invesco Ltd. (IVZ - Free Report) announced an increase in its preliminary month-end AUM for January 2018. The company’s AUM came in at $972.6 billion, a rise of 3.7% from $937.6 billion in the prior month.
Legg Mason's preliminary AUM of $779.6 billion for January 2018 increased 1.6% sequentially.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
T. Rowe Price (TROW) Records 5.7% Increase in January AUM
T. Rowe Price Group (TROW - Free Report) announced preliminary assets under management (AUM) of $1.05 trillion for January 2018. Results reflect 5.7% rise from $991 billion as of Dec 31, 2017.
Client transfers from mutual funds to other portfolios of $3.7 billion were recorded in January 2018.
Month-end total sponsored U.S. mutual funds came in at $637 billion, up nearly 5% from the prior month. Of the total sponsored U.S. mutual funds, around 80% were from stock and blended assets while the remaining 20% came from bond and money market.
Total other investment portfolios were $410 billion, reflecting an increase of 6.5% from the previous month. Overall, stock and blended assets accounted for $315 billion or 76.8% of other investment portfolios while bond, money market and stable value came in at $95 billion or 23.2%.
T. Rowe Price recorded $244 billion in target date retirement portfolios, which was up 5.2% from $232 billion in the prior month.
Our Viewpoint
T. Rowe Price’s organic growth remains impressive as can be seen from a continuous rise in revenues. Also, its planned strategic initiatives, including investment in technology and advisory services, bode well for the long term.
Shares of T. Rowe Price have gained 25.2% in the past six months, outperforming 7.7% rally of the industry it belongs to.
T. Rowe carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Investment Managers
Franklin Resources (BEN - Free Report) declared preliminary AUM of $770.8 billion by its subsidiaries for January 2018, reflecting an increase of 2.3% from the prior month.
Invesco Ltd. (IVZ - Free Report) announced an increase in its preliminary month-end AUM for January 2018. The company’s AUM came in at $972.6 billion, a rise of 3.7% from $937.6 billion in the prior month.
Legg Mason's preliminary AUM of $779.6 billion for January 2018 increased 1.6% sequentially.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>