T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR JANUARY 2022
BALTIMORE, Feb. 10, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.58 trillion as of January 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.2 billion in January 2022. These client transfers include $1.9 billion transferred to the target-date retirement trusts during January.
The following table shows the firm's assets under management as of January 31, 2022, and for the prior year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios. The fee-basis assets under management, acquired through the Oak Hill Advisors, L.P. (OHA) acquisition completed on December 29, 2021, have been reflected in the asset classes noted below.
As of |
||||||
Preliminary(a) |
||||||
(in billions) |
1/31/2022 |
12/31/2021(b) |
||||
U.S. mutual funds |
||||||
Equity |
$ |
503 |
$ |
554 |
||
Fixed income, including money market |
85 |
85 |
||||
Multi-asset(c) |
221 |
232 |
||||
809 |
871 |
|||||
Subadvised and separate accounts and other investment products |
||||||
Equity |
399 |
439 |
||||
Fixed income, including money market |
90 |
90 |
||||
Multi-asset(c) |
238 |
246 |
||||
Alternatives |
42 |
42 |
||||
769 |
817 |
|||||
Total assets under management |
$ |
1,578 |
$ |
1,688 |
||
Target date retirement products |
$ |
376 |
$ |
391 |
(a) |
Preliminary - subject to adjustment |
(b) |
Certain 12/31/2021 figures, including the $47 billion in fee-basis assets under management acquired through the OHA acquisition, have been reclassified to conform with the current month's presentation. |
(c) |
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. The fee-basis assets under management, acquired through the Oak Hill Advisors, L.P. (OHA) acquisition completed on December 29, 2021, have been reflected in the asset classes noted below.
As of |
||||||
Preliminary(a) |
||||||
(in billions) |
1/31/2022 |
12/31/2021(b) |
||||
U.S. mutual funds |
||||||
Equity and blended assets |
$ |
663 |
$ |
724 |
||
Fixed income, including money market |
146 |
147 |
||||
809 |
871 |
|||||
Subadvised and separate accounts and other investment products |
||||||
Equity and blended assets |
584 |
632 |
||||
Fixed income, including money market |
143 |
143 |
||||
Alternatives |
42 |
42 |
||||
769 |
817 |
|||||
Total assets under management |
$ |
1,578 |
$ |
1,688 |
(a) |
Preliminary - subject to adjustment |
(b) |
Certain 12/31/2021 figures, including the $47 billion in fee-basis assets under management acquired through the OHA acquisition, have been reclassified to conform with the current month's presentation. |
SOURCE T. Rowe Price Group, Inc.
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