PR Newswire
BALTIMORE, Dec. 10, 2020 /PRNewswire/ — T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.42 trillion as of November 30, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.4 billion in November 2020, and $1.5 billion for the quarter-to-date period ended November 30, 2020. This brings total client transfers for the year-to-date period ended November 30, 2020, to $12.7 billion. These client transfers include $0.5 billion and $8.2 billion, respectively, transferred to the target-date retirement trusts during the quarter-to-date and year-to-date periods. There were no transfers from mutual funds to the target-date retirement trusts in the month of November.
The firm’s assets under management as of November 30, 2020, 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) |
11/30/2020 |
10/31/2020 |
9/30/2020 |
12/31/2019 |
||||||||||||
|
U.S. mutual funds |
||||||||||||||||
|
Equity |
$ |
481 |
$ |
436 |
$ |
442 |
$ |
407 |
||||||||
|
Fixed income, including money market |
79 |
78 |
78 |
74 |
||||||||||||
|
Multi-asset(b) |
211 |
193 |
196 |
202 |
||||||||||||
|
771 |
707 |
716 |
683 |
|||||||||||||
|
Subadvised and separate accounts and other investment products |
||||||||||||||||
|
Equity |
380 |
342 |
344 |
292 |
||||||||||||
|
Fixed income, including money market |
88 |
86 |
83 |
74 |
||||||||||||
|
Multi-asset(b) |
181 |
165 |
167 |
158 |
||||||||||||
|
649 |
593 |
594 |
524 |
|||||||||||||
|
Total assets under management |
$ |
1,420 |
$ |
1,300 |
$ |
1,310 |
$ |
1,207 |
||||||||
|
Target date retirement products |
$ |
320 |
$ |
293 |
$ |
297 |
$ |
292 |
||||||||
|
(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) |
11/30/2020 |
10/31/2020 |
9/30/2020 |
12/31/2019 |
||||||||||||
|
U.S. mutual funds |
||||||||||||||||
|
Equity and blended assets |
$ |
640 |
$ |
577 |
$ |
587 |
$ |
553 |
||||||||
|
Fixed income, including money market |
131 |
130 |
129 |
130 |
||||||||||||
|
771 |
707 |
716 |
683 |
|||||||||||||
|
Subadvised and separate accounts and other investment products |
||||||||||||||||
|
Equity and blended assets |
523 |
469 |
473 |
412 |
||||||||||||
|
Fixed income, including money market |
126 |
124 |
121 |
112 |
||||||||||||
|
649 |
593 |
594 |
524 |
|||||||||||||
|
Total assets under management |
$ |
1,420 |
$ |
1,300 |
$ |
1,310 |
$ |
1,207 |
||||||||
|
(a) |
Preliminary – subject to adjustment |
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SOURCE T. Rowe Price Group, Inc.
