T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For October 2020
BALTIMORE, Nov. 11, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.30 trillion as of October 31, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion in October 2020, and $12.3 billion for the year-to-date period ended October 31, 2020. These client transfers include $0.5 billion and $8.2 billion, respectively, transferred to the target-date retirement trusts during October and the year-to-date period.
The firm's assets under management as of October 31, 2020, and for the prior 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) |
10/31/2020 |
9/30/2020 |
12/31/2019 |
|||||||||
U.S. mutual funds |
||||||||||||
Equity |
$ |
436 |
$ |
442 |
$ |
407 |
||||||
Fixed income, including money market |
78 |
78 |
74 |
|||||||||
Multi-asset(b) |
193 |
196 |
202 |
|||||||||
707 |
716 |
683 |
||||||||||
Subadvised and separate accounts and other investment |
||||||||||||
Equity |
342 |
344 |
292 |
|||||||||
Fixed income, including money market |
86 |
83 |
74 |
|||||||||
Multi-asset(b) |
165 |
167 |
158 |
|||||||||
593 |
594 |
524 |
||||||||||
Total assets under management |
$ |
1,300 |
$ |
1,310 |
$ |
1,207 |
||||||
Target date retirement products |
$ |
293 |
$ |
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) |
10/31/2020 |
9/30/2020 |
12/31/2019 |
|||||||||
U.S. mutual funds |
||||||||||||
Equity and blended assets |
$ |
577 |
$ |
587 |
$ |
553 |
||||||
Fixed income, including money market |
130 |
129 |
130 |
|||||||||
707 |
716 |
683 |
||||||||||
Subadvised and separate accounts and other investment |
||||||||||||
Equity and blended assets |
469 |
473 |
412 |
|||||||||
Fixed income, including money market |
124 |
121 |
112 |
|||||||||
593 |
594 |
524 |
||||||||||
Total assets under management |
$ |
1,300 |
$ |
1,310 |
$ |
1,207 |
(a) Preliminary - subject to adjustment |
SOURCE T. Rowe Price Group, Inc.
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