What Could Help T. Rowe Price in Q2 2018
Of T. Rowe Price’s (TROW) total assets under management in the first quarter, $579.3 billion comprised equity, $135.8 billion comprised fixed income and money market assets, and $299.1 billion were multi-asset funds. In the first quarter, T. Rowe’s equity and blended US mutual funds generated investment advisory revenue of $705.5 million. In the second half of 2018, lower equity allocation could affect the company’s investment advisory revenue.