Asset management at T Rowe Price Group saw a strong surge in investor cash in the last quarter of 2016 , with shares dropping 5.6 % as a result . The group ’s total assets under management stood at $ 810.8bn on 31 December , with its $ 2.9bn net assets being offset by the $ 5bn net client withdrawals . The withdrawal included $ 50 taken from its target asset retirement portfolios as investors showed greater interest in passive products .
Asset management firm T Rowe Price Group saw a strong withdrawal in investor cash in the last quarter of 2016, with shares dropping 5.6% as a result. The group’s total assets under management stood at $810.8bn on 31 December, with its $2.9bn market gains being outweighed by the $5bn net client withdrawals. The withdrawal included $1.9bn taken from its target date retirement portfolios as investors showed greater interest in passive products.