PR Newswire
BALTIMORE, April 13, 2021 /PRNewswire/ — T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.52 trillion as of March 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.7 billion in March 2021 and $5.6 billion for the quarter-ended March 31, 2021. These client transfers include $1.3 billion and $4.9 billion, respectively, transferred to the target-date retirement trusts during March and the quarter-to-date period.
The firm’s assets under management as of March 31, 2021, and for the prior month – 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) |
3/31/2021 |
2/28/2021 |
12/31/2020 |
|||||||||
|
U.S. mutual funds |
||||||||||||
|
Equity |
$ |
512 |
$ |
508 |
$ |
498 |
||||||
|
Fixed income, including money market |
82 |
82 |
79 |
|||||||||
|
Multi-asset(b) |
222 |
219 |
217 |
|||||||||
|
816 |
809 |
794 |
||||||||||
|
Subadvised and separate accounts and other investment products |
||||||||||||
|
Equity |
406 |
402 |
397 |
|||||||||
|
Fixed income, including money market |
90 |
90 |
89 |
|||||||||
|
Multi-asset(b) |
206 |
200 |
190 |
|||||||||
|
702 |
692 |
676 |
||||||||||
|
Total assets under management |
$ |
1,518 |
$ |
1,501 |
$ |
1,470 |
||||||
|
Target date retirement products |
$ |
352 |
$ |
344 |
$ |
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) |
3/31/2021 |
2/28/2021 |
12/31/2020 |
|||||||||
|
U.S. mutual funds |
||||||||||||
|
Equity and blended assets |
$ |
677 |
$ |
673 |
$ |
661 |
||||||
|
Fixed income, including money market |
139 |
136 |
133 |
|||||||||
|
816 |
809 |
794 |
||||||||||
|
Subadvised and separate accounts and other investment products |
||||||||||||
|
Equity and blended assets |
568 |
560 |
546 |
|||||||||
|
Fixed income, including money market |
134 |
132 |
130 |
|||||||||
|
702 |
692 |
676 |
||||||||||
|
Total assets under management |
$ |
1,518 |
$ |
1,501 |
$ |
1,470 |
||||||
|
(a) Preliminary – subject to adjustment |
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SOURCE T. Rowe Price Group, Inc.
