T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For December 2020
BALTIMORE, Jan. 13, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.47 trillion as of December 31, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.0 billion in December 2020, and $2.5 billion for the fourth quarter of 2020. This brings total client transfers for 2020 to $13.7 billion. These client transfers include $0.4 billion in December, $0.9 billion in the fourth quarter, and $8.6 billion in 2020, transferred to the target-date retirement trusts.
The firm's assets under management as of December 31, 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) |
12/31/2020 |
11/30/2020 |
9/30/2020 |
12/31/2019 |
|||||||||||
U.S. mutual funds |
|||||||||||||||
Equity |
$ |
498 |
$ |
481 |
$ |
442 |
$ |
407 |
|||||||
Fixed income, including money market |
79 |
79 |
78 |
74 |
|||||||||||
Multi-asset(b) |
217 |
211 |
196 |
202 |
|||||||||||
794 |
771 |
716 |
683 |
||||||||||||
Subadvised and separate accounts and other investment products |
|||||||||||||||
Equity |
397 |
380 |
344 |
292 |
|||||||||||
Fixed income, including money market |
89 |
88 |
83 |
74 |
|||||||||||
Multi-asset(b) |
190 |
181 |
167 |
158 |
|||||||||||
676 |
649 |
594 |
524 |
||||||||||||
Total assets under management |
$ |
1,470 |
$ |
1,420 |
$ |
1,310 |
$ |
1,207 |
|||||||
Target date retirement products |
$ |
332 |
$ |
320 |
$ |
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) |
12/31/2020 |
11/30/2020 |
9/30/2020 |
12/31/2019 |
|||||||||||
U.S. mutual funds |
|||||||||||||||
Equity and blended assets |
$ |
661 |
$ |
640 |
$ |
587 |
$ |
553 |
|||||||
Fixed income, including money market |
133 |
131 |
129 |
130 |
|||||||||||
794 |
771 |
716 |
683 |
||||||||||||
Subadvised and separate accounts and other investment products |
|||||||||||||||
Equity and blended assets |
546 |
523 |
473 |
412 |
|||||||||||
Fixed income, including money market |
130 |
126 |
121 |
112 |
|||||||||||
676 |
649 |
594 |
524 |
||||||||||||
Total assets under management |
$ |
1,470 |
$ |
1,420 |
$ |
1,310 |
$ |
1,207 |
(a) |
Preliminary - subject to adjustment |
SOURCE T. Rowe Price Group, Inc.
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