T. Rowe Price's
diluted earnings per share for the second quarter were a record $0.60, but still two pennies shy of analysts' expectations.
Total assets under management were $206.8 billion at June 30, up 2.8 percent from $201 billion at March 30. Mutual funds assets comprised $128.3 billion at the end of the second quarter.
Of the total $5.8 billion increase in assets, $4.2 billion were due to net inflows. Mutual funds gained $1.9 billion of total net inflows, an increase of 1.5 percent.
Investors poured 75 percent of the $1.9 billion in assets to three domestic stock funds -- Mid-Cap Value, Equity Income and Growth Stock.
At the end of June, the Mid-Cap Value had $3.4 billion in assets, the Equity Income fund had $15.5 billion in assets, and the Growth Stock fund had $6.8 billion in assets.
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