T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR AUGUST 2022
BALTIMORE, Sept. 13, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.34 trillion as of August 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.5 billion in August 2022 and $3.0 billion for the quarter-to-date period ended August 31, 2022. This brings total client transfers for the year-to-date period ended August 31, 2022, to $10.0 billion. These client transfers include $1.2 billion, $2.0 billion, and $6.9 billion, respectively, transferred to the target date retirement trusts during the August, quarter-to-date, and year-to-date periods.
The following table shows the firm's assets under management as of August 31, 2022, and for the prior month-, 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) |
8/31/2022 |
7/31/2022 |
6/30/2022 |
12/31/2021 |
||||
U.S. mutual funds |
||||||||
Equity |
$ 404 |
$ 423 |
$ 391 |
$ 554 |
||||
Fixed income, including money market |
78 |
79 |
79 |
85 |
||||
Multi-asset(b) |
189 |
197 |
187 |
232 |
||||
671 |
699 |
657 |
871 |
|||||
Subadvised and separate accounts and other investment products |
||||||||
Equity |
314 |
329 |
309 |
439 |
||||
Fixed income, including money market |
93 |
94 |
92 |
90 |
||||
Multi-asset(b) |
218 |
224 |
209 |
246 |
||||
Alternatives |
43 |
43 |
43 |
42 |
||||
668 |
690 |
653 |
817 |
|||||
Total assets under management |
$ 1,339 |
$ 1,389 |
$ 1,310 |
$ 1,688 |
||||
Target date retirement products |
$ 337 |
$ 348 |
$ 327 |
$ 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) |
8/31/2022 |
7/31/2022 |
6/30/2022 |
12/31/2021 |
||||
U.S. mutual funds |
||||||||
Equity and blended assets |
$ 539 |
$ 565 |
$ 524 |
$ 724 |
||||
Fixed income, including money market |
132 |
134 |
133 |
147 |
||||
671 |
699 |
657 |
871 |
|||||
Subadvised and separate accounts and other investment products |
||||||||
Equity and blended assets |
483 |
503 |
470 |
632 |
||||
Fixed income, including money market |
142 |
144 |
140 |
143 |
||||
Alternatives |
43 |
43 |
43 |
42 |
||||
668 |
690 |
653 |
817 |
|||||
Total assets under management |
$ 1,339 |
$ 1,389 |
$ 1,310 |
$ 1,688 |
(a) Preliminary - subject to adjustment
SOURCE T. Rowe Price Group, Inc.
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