T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR FEBRUARY 2022
BALTIMORE, March 10, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.54 trillion as of February 28, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.4 billion in February 2022 and $3.6 billion for the quarter-to-date period ended February 28, 2022. These client transfers include $0.9 billion and $2.8 billion, respectively, transferred to the target-date retirement trusts during the February and year-to-date periods.
The following table shows the firm's assets under management as of February 28, 2022, and for the prior month- and year-end by investment vehicle, asset class, and in the firm's target date retirement portfolios.
As of |
|||||||||||
Preliminary(a) |
|||||||||||
(in billions) |
2/28/2022 |
1/31/2022 |
12/31/2021 |
||||||||
U.S. mutual funds |
|||||||||||
Equity |
$ |
486 |
$ |
503 |
$ |
554 |
|||||
Fixed income, including money market |
85 |
85 |
85 |
||||||||
Multi-asset(b) |
216 |
221 |
232 |
||||||||
787 |
809 |
871 |
|||||||||
Subadvised and separate accounts and other investment products |
|||||||||||
Equity |
385 |
399 |
439 |
||||||||
Fixed income, including money market |
91 |
90 |
90 |
||||||||
Multi-asset(b) |
235 |
238 |
246 |
||||||||
Alternatives |
42 |
42 |
42 |
||||||||
753 |
769 |
817 |
|||||||||
Total assets under management |
$ |
1,540 |
$ |
1,578 |
$ |
1,688 |
|||||
Target date retirement products |
$ |
369 |
$ |
376 |
$ |
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) |
2/28/2022 |
1/31/2022 |
12/31/2021 |
|||||||||
U.S. mutual funds |
||||||||||||
Equity and blended assets |
$ |
642 |
$ |
663 |
$ |
724 |
||||||
Fixed income, including money market |
145 |
146 |
147 |
|||||||||
787 |
809 |
871 |
||||||||||
Subadvised and separate accounts and other investment products |
||||||||||||
Equity and blended assets |
568 |
584 |
632 |
|||||||||
Fixed income, including money market |
143 |
143 |
143 |
|||||||||
Alternatives |
42 |
42 |
42 |
|||||||||
753 |
769 |
817 |
||||||||||
Total assets under management |
$ |
1,540 |
$ |
1,578 |
$ |
1,688 |
(a) |
Preliminary - subject to adjustment |
SOURCE T. Rowe Price Group, Inc.
![](https://rt.prnewswire.com/rt.gif?NewsItemId=PH87702&Transmission_Id=202203100830PR_NEWS_USPR_____PH87702&DateId=20220310)
Share this article