10/12/2021 | Press release | Distributed by Public on 10/12/2021 06:46
BALTIMORE, Oct. 12, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.61 trillion as of September 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.2 billion in September 2021, and $3.6 billion for the quarter-ended September 30, 2021. This brings total client transfers for the year-to-date period ended September 30, 2021, to $18.4 billion. These client transfers include $0.4 billion, $1.9 billion and $12.7 billion, respectively, transferred to the target-date retirement trusts during the September, quarter-to-date, and year-to-date periods.
The firm's assets under management as of September 30, 2021, and for the prior month-, quarter-, and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:
|
|
As of |
||||||||||||||
|
|
Preliminary(a) |
|
|
|
|
|
|
||||||||
(in billions) |
|
9/30/2021 |
|
8/31/2021 |
|
6/30/2021 |
|
12/31/2020 |
||||||||
U.S. mutual funds |
|
|
|
|
|
|
|
|
||||||||
Equity |
|
$ |
546 |
|
|
$ |
573 |
|
|
$ |
551 |
|
|
$ |
498 |
|
Fixed income, including money market |
|
88 |
|
|
88 |
|
|
86 |
|
|
79 |
|
||||
Multi-asset(b) |
|
227 |
|
|
234 |
|
|
229 |
|
|
217 |
|
||||
|
|
861 |
|
|
895 |
|
|
866 |
|
|
794 |
|
||||
Subadvised and separate accounts and other |
|
|
|
|
|
|
|
|
||||||||
Equity |
|
428 |
|
|
449 |
|
|
435 |
|
|
397 |
|
||||
Fixed income, including money market |
|
93 |
|
|
94 |
|
|
92 |
|
|
89 |
|
||||
Multi-asset(b) |
|
230 |
|
|
237 |
|
|
230 |
|
|
190 |
|
||||
|
|
751 |
|
|
780 |
|
|
757 |
|
|
676 |
|
||||
Total assets under management |
|
$ |
1,612 |
|
|
$ |
1,675 |
|
|
$ |
1,623 |
|
|
$ |
1,470 |
|
Target date retirement products |
|
$ |
378 |
|
|
$ |
390 |
|
|
$ |
379 |
|
|
$ |
332 |
|
(a) |
Preliminary - subject to adjustment |
(b) |
The underlying assets under management of the multi-asset portfolios have been aggregated and presented as a separate line and not reported in the equity |
Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global investment management organization that provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The organization also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.
Supplemental Information
The following table reflects the data with the underlying assets under management of the multi-asset portfolios included within the equity and fixed income lines.
|
|
As of |
||||||||||||||
|
|
Preliminary(a) |
|
|
|
|
|
|
||||||||
(in billions) |
|
9/30/2021 |
|
8/31/2021 |
|
6/30/2021 |
|
12/31/2020 |
||||||||
U.S. mutual funds |
|
|
|
|
|
|
|
|
||||||||
Equity and blended assets |
|
$ |
711 |
|
|
$ |
746 |
|
|
$ |
719 |
|
|
$ |
661 |
|
Fixed income, including money market |
|
150 |
|
|
149 |
|
|
147 |
|
|
133 |
|
||||
|
|
861 |
|
|
895 |
|
|
866 |
|
|
794 |
|
||||
Subadvised and separate accounts and |
|
|
|
|
|
|
|
|
||||||||
Equity and blended assets |
|
608 |
|
|
636 |
|
|
615 |
|
|
546 |
|
||||
Fixed income, including money market |
|
143 |
|
|
144 |
|
|
142 |
|
|
130 |
|
||||
|
|
751 |
|
|
780 |
|
|
757 |
|
|
676 |
|
||||
Total assets under management |
|
$ |
1,612 |
|
|
$ |
1,675 |
|
|
$ |
1,623 |
|
|
$ |
1,470 |
|
(a) |
Preliminary - subject to adjustment |
View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-september-2021-301397969.html
SOURCE T. Rowe Price Group, Inc.
T. ROWE PRICE CONTACTS: Public Relations, Brian Lewbart, 410-345-2242, [email protected] OR Investor Relations, Linsley Carruth, 410-345-3717, [email protected]