T. Rowe Price Group reported assets under management of $1.084 trillion as of Sept. 30, up 3.8% from the end of the previous quarter and 14.3% higher than a year earlier, the company said Thursday in its quarterly earnings statement.
Net inflows in the quarter ended Sept. 30 were $2.7 billion, compared to net inflows of $7.6 billion in the prior quarter and net inflows of $5.9 billion in the year-earlier quarter.
By asset class, multiasset strategies attracted the highest net inflows of $2.4 billion in the third quarter 2018 vs. net inflows of $2.6 billion in the prior quarter. T. Rowe Price reported combined net flows for equity and multiasset class strategies in the third quarter 2017.
Combined reporting for fixed-income strategies and money market funds showed net inflows of $1 billion in the three-month period ended Sept. 30 vs. net inflows of $1.2 billion in the previous quarter and net inflows of $6.5 billion as a year earlier.
T. Rowe Price Group's equity strategies experienced net outflows of $700 million in the third quarter, net inflows of $3.8 billion in the previous quarter and net outflows of $600 million in the quarter ended Sept. 30, 2017.