The first quarter hasn’t been a good one for asset managers. Global issues such as trade war fears, along with the expectations related to interest rates, negatively impacted the markets. When equity markets decline, the value of the holdings of asset managers (XLF) like State Street Corporation (STT), T. Rowe Price Group (TROW), BlackRock (BLK), and Invesco Limited (IVZ) also decline. This reduces the total assets under management (or AUM).
Global tensions also negatively impacted investor sentiments, which subdues their investment activity. As a result, the total AUM of the asset managers would be negatively impacted.
T. Rowe’s April AUM
At the end of April, T. Rowe Price had total AUM of ~$1.0 trillion. Of this, total AUM in sponsored US mutual funds totaled $614.0 billion while in other investment portfolios, it was $406.0 billion. The total AUM in April represents a marginal rise compared to its March AUM.
Of the total AUM in sponsored US mutual funds in April, AUM in stock and blended assets totaled $486.0 billion while in bonds and money markets, it was $128.0 billion. In other investment portfolios, stocks and blended assets had AUM of $309.0 billion while bonds, money markets, and stable values had AUM of $97.0 billion.