T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR APRIL 2022
BALTIMORE, May 11, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.42 trillion as of April 30, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.7 billion in April 2022 and $5.8 billion for the year-to-date period ended April 30, 2022. These client transfers include $0.6 billion and $3.9 billion, respectively, transferred to the target date retirement trusts during April and the year-to-date period.
The following table shows the firm's assets under management as of April 30, 2022, and for the prior quarter- and year-end by investment vehicle, by asset class, and in the firm's target date retirement portfolios.
As of |
||||||
Preliminary(a) |
||||||
(in billions) |
4/30/2022 |
3/31/2022 |
12/31/2021 |
|||
U.S. mutual funds |
||||||
Equity |
$ 435 |
$ 489 |
$ 554 |
|||
Fixed income, including money market |
81 |
84 |
85 |
|||
Multi-asset(b) |
202 |
217 |
232 |
|||
718 |
790 |
871 |
||||
Subadvised and separate accounts and other investment products |
||||||
Equity |
345 |
389 |
439 |
|||
Fixed income, including money market |
91 |
91 |
90 |
|||
Multi-asset(b) |
224 |
240 |
246 |
|||
Alternatives |
42 |
42 |
42 |
|||
702 |
762 |
817 |
||||
Total assets under management |
$ 1,420 |
$ 1,552 |
$ 1,688 |
|||
Target date retirement products |
$ 351 |
$ 375 |
$ 391 |
(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) |
4/30/2022 |
3/31/2022 |
12/31/2021 |
|||
U.S. mutual funds |
||||||
Equity and blended assets |
$ 579 |
$ 647 |
$ 724 |
|||
Fixed income, including money market |
139 |
143 |
147 |
|||
718 |
790 |
871 |
||||
Subadvised and separate accounts and other investment products |
||||||
Equity and blended assets |
518 |
577 |
632 |
|||
Fixed income, including money market |
142 |
143 |
143 |
|||
Alternatives |
42 |
42 |
42 |
|||
702 |
762 |
817 |
||||
Total assets under management |
$ 1,420 |
$ 1,552 |
$ 1,688 |
(a) |
Preliminary - subject to adjustment |
SOURCE T. Rowe Price Group, Inc.
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