T. Rowe Price assets top $1 trillion for first time

T. Rowe Price Group Inc.'s assets under management continued to grow in January, surpassing $1 trillion for the first time. The Baltimore money manager reported preliminary month-end assets of $1.05 trillion as of Jan. 31, up about 6 percent from $991 billion at the end of 2017. T. Rowe Price's (NASDAQ: TROW) U.S. mutual funds had $637 billion, up 5.1 percent from December. Client transfers from mutual funds to other portfolios during January were $3.7 billion. (Balt. Bus. Journal)

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