T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For September 2021
BALTIMORE, Oct. 12, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.61 trillion as of September 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.2 billion in September 2021, and $3.6 billion for the quarter-ended September 30, 2021. This brings total client transfers for the year-to-date period ended September 30, 2021, to $18.4 billion. These client transfers include $0.4 billion, $1.9 billion and $12.7 billion, respectively, transferred to the target-date retirement trusts during the September, quarter-to-date, and year-to-date periods.
The firm's assets under management as of September 30, 2021, 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) |
9/30/2021 |
8/31/2021 |
6/30/2021 |
12/31/2020 |
||||||||||||
U.S. mutual funds |
||||||||||||||||
Equity |
$ |
546 |
$ |
573 |
$ |
551 |
$ |
498 |
||||||||
Fixed income, including money market |
88 |
88 |
86 |
79 |
||||||||||||
Multi-asset(b) |
227 |
234 |
229 |
217 |
||||||||||||
861 |
895 |
866 |
794 |
|||||||||||||
Subadvised and separate accounts and other |
||||||||||||||||
Equity |
428 |
449 |
435 |
397 |
||||||||||||
Fixed income, including money market |
93 |
94 |
92 |
89 |
||||||||||||
Multi-asset(b) |
230 |
237 |
230 |
190 |
||||||||||||
751 |
780 |
757 |
676 |
|||||||||||||
Total assets under management |
$ |
1,612 |
$ |
1,675 |
$ |
1,623 |
$ |
1,470 |
||||||||
Target date retirement products |
$ |
378 |
$ |
390 |
$ |
379 |
$ |
332 |
(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 |
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) |
9/30/2021 |
8/31/2021 |
6/30/2021 |
12/31/2020 |
||||||||||||
U.S. mutual funds |
||||||||||||||||
Equity and blended assets |
$ |
711 |
$ |
746 |
$ |
719 |
$ |
661 |
||||||||
Fixed income, including money market |
150 |
149 |
147 |
133 |
||||||||||||
861 |
895 |
866 |
794 |
|||||||||||||
Subadvised and separate accounts and |
||||||||||||||||
Equity and blended assets |
608 |
636 |
615 |
546 |
||||||||||||
Fixed income, including money market |
143 |
144 |
142 |
130 |
||||||||||||
751 |
780 |
757 |
676 |
|||||||||||||
Total assets under management |
$ |
1,612 |
$ |
1,675 |
$ |
1,623 |
$ |
1,470 |
(a) |
Preliminary - subject to adjustment |
SOURCE T. Rowe Price Group, Inc.
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