T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR NOVEMBER 2022
BALTIMORE, Dec. 12, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.34 trillion as of November 30, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.7 billion in November 2022 and $1.4 billion for the quarter-to-date period ended November 30, 2022. This brings total client transfers for the year-to-date period ended November 30, 2022, to $11.7 billion. These client transfers include $0.5 billion, $1.1 billion, and $8.2 billion, respectively, transferred to the target date retirement trusts during the November, quarter-to-date, and year-to-date periods.
The following table shows the firm's assets under management as of November 30, 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) |
11/30/2022 |
10/31/2022 |
9/30/2022 |
12/31/2021 |
||||
U.S. mutual funds |
||||||||
Equity |
$ 400 |
$ 382 |
$ 365 |
$ 554 |
||||
Fixed income, including money market |
75 |
74 |
74 |
85 |
||||
Multi-asset(b) |
192 |
182 |
175 |
232 |
||||
667 |
638 |
614 |
871 |
|||||
Subadvised and separate accounts and other investment products |
||||||||
Equity |
312 |
299 |
283 |
439 |
||||
Fixed income, including money market |
92 |
90 |
91 |
90 |
||||
Multi-asset(b) |
225 |
210 |
199 |
246 |
||||
Alternatives |
44 |
43 |
43 |
42 |
||||
673 |
642 |
616 |
817 |
|||||
Total assets under management |
$ 1,340 |
$ 1,280 |
$ 1,230 |
$ 1,688 |
||||
Target date retirement products |
$ 349 |
$ 327 |
$ 311 |
$ 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.
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) |
11/30/2022 |
10/31/2022 |
9/30/2022 |
12/31/2021 |
||||
U.S. mutual funds |
||||||||
Equity and blended assets |
$ 540 |
$ 513 |
$ 488 |
$ 724 |
||||
Fixed income, including money market |
127 |
125 |
126 |
147 |
||||
667 |
638 |
614 |
871 |
|||||
Subadvised and separate accounts and other investment products |
||||||||
Equity and blended assets |
491 |
464 |
436 |
632 |
||||
Fixed income, including money market |
138 |
135 |
137 |
143 |
||||
Alternatives |
44 |
43 |
43 |
42 |
||||
673 |
642 |
616 |
817 |
|||||
Total assets under management |
$ 1,340 |
$ 1,280 |
$ 1,230 |
$ 1,688 |
(a) Preliminary - subject to adjustment
SOURCE T. Rowe Price Group, Inc.
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