PR Newswire
BALTIMORE, Aug. 11, 2021 /PRNewswire/ — T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.64 trillion as of July 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.3 billion in July 2021 and $15.1 billion for the year-to-date period ended July 31, 2021. These client transfers include $0.2 billion and $11.0 billion, respectively, transferred to the target-date retirement trusts during July and the year-to-date period.
The firm’s assets under management as of July 31, 2021, and for the prior 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) |
7/31/2021 |
6/30/2021 |
12/31/2020 |
|||||||||
|
U.S. mutual funds |
||||||||||||
|
Equity |
$ |
557 |
$ |
551 |
$ |
498 |
||||||
|
Fixed income, including money market |
86 |
86 |
79 |
|||||||||
|
Multi-asset(b) |
231 |
229 |
217 |
|||||||||
|
874 |
866 |
794 |
||||||||||
|
Subadvised and separate accounts and other investment products |
||||||||||||
|
Equity |
438 |
435 |
397 |
|||||||||
|
Fixed income, including money market |
93 |
92 |
89 |
|||||||||
|
Multi-asset(b) |
231 |
230 |
190 |
|||||||||
|
762 |
757 |
676 |
||||||||||
|
Total assets under management |
$ |
1,636 |
$ |
1,623 |
$ |
1,470 |
||||||
|
Target date retirement products |
$ |
381 |
$ |
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 and fixed income lines. |
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) |
7/31/2021 |
6/30/2021 |
12/31/2020 |
|||||||||
|
U.S. mutual funds |
||||||||||||
|
Equity and blended assets |
$ |
726 |
$ |
719 |
$ |
661 |
||||||
|
Fixed income, including money market |
148 |
147 |
133 |
|||||||||
|
874 |
866 |
794 |
||||||||||
|
Subadvised and separate accounts and other investment products |
||||||||||||
|
Equity and blended assets |
618 |
615 |
546 |
|||||||||
|
Fixed income, including money market |
144 |
142 |
130 |
|||||||||
|
762 |
757 |
676 |
||||||||||
|
Total assets under management |
$ |
1,636 |
$ |
1,623 |
$ |
1,470 |
||||||
|
(a) Preliminary – subject to adjustment |
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SOURCE T. Rowe Price Group, Inc.
