T. Rowe Price Group reported a record high $269.5 billion in assets...

T. Rowe Price Group reported a record high $269.5 billion in assets under management as of Dec. 31, up 4.6% over the past quarter and up 14.6% from the end of 2004. Mutual fund assets rose 17% during 2005 to $170.2 billion, helped by $12.5 billion in inflows, according to a news release. U.S. equity funds accounted for $9.7 billion of those inflows, with international equity funds garnering another $2.1 billion. Also, lifecycle fund assets surged $4.8 billion to $8.4 billion. The firm's net profit for the year was $430.9 million, up 28% from 2004.