MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, October 24, 2012 T. Rowe's Q3 Net Flows Ebb, But the Tide's Still Incoming T. Rowe Price had $4.5 billion of mutual fund inflows in the last three months, according to the firm's third-quarter financial results, released today. This brings the Baltimore-based money manager's total mutual fund AUM to $342.9 billion. Of the $4.5 in quarterly net flows, $2.1 billion came through investments in target-date funds. T. Rowe showed healthy equity fund flows, and nearly an even split between stock and fixed income: it recorded $2.2 billion into equity funds, $2.1 billion into bond funds, and $200 million into money market funds this quarter. The $4.5 billion is actually a lower net flows figure than T. Rowe has recorded in recent quarters. For the second quarter of 2012, there were $6.3 billion in net flows into the firm's mutual funds, and in the first quarter there were $5.3 billion. T. Rowe's fortunes rose with the market, with appreciation adding $16.7 billion to the firm's mutual fund AUM in the last three months. Revenue from the firm's investment advisory business rose 14 percent, to $661.4 million, for the quarter. Printed from: MFWire.com/story.asp?s=41780 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |