T. Rowe Price Group today reported record assets under management of $235.2 billion as of Dec. 31, up $45.2 billion, or 24%, from the end of 2003. In a press release, the firm said $24.5 billion of that increase resulted from market appreciation, while $20.7 billion reflected net inflows. The firm's mutual funds attracted $12.7 billion of that, almost 50% more than their previous record intake in 1996; and institutional products attracted $8 billion.
Net income surged 48% for the year, to $337 million.
