T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For April 2021
BALTIMORE, May 12, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.59 trillion as of April 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $5.9 billion in April 2021 and $11.5 billion for the year-to-date period ended April 30, 2021. These client transfers include $5.2 billion and $10.1 billion, respectively, transferred to the target-date retirement trusts during April and the year-to-date period.
The firm's assets under management as of April 30, 2021, 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) |
4/30/2021 |
3/31/2021 |
12/31/2020 |
|||||||||
U.S. mutual funds |
||||||||||||
Equity |
$ |
539 |
$ |
512 |
$ |
498 |
||||||
Fixed income, including money market |
84 |
82 |
79 |
|||||||||
Multi-asset(b) |
227 |
222 |
217 |
|||||||||
850 |
816 |
794 |
||||||||||
Subadvised and separate accounts and other investment products |
||||||||||||
Equity |
428 |
406 |
397 |
|||||||||
Fixed income, including money market |
91 |
90 |
89 |
|||||||||
Multi-asset(b) |
224 |
206 |
190 |
|||||||||
743 |
702 |
676 |
||||||||||
Total assets under management |
$ |
1,593 |
$ |
1,518 |
$ |
1,470 |
||||||
Target date retirement products |
$ |
372 |
$ |
352 |
$ |
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 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 |
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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. |
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As of |
||||||||||||
Preliminary(a) |
||||||||||||
(in billions) |
4/30/2021 |
3/31/2021 |
12/31/2020 |
|||||||||
U.S. mutual funds |
||||||||||||
Equity and blended assets |
$ |
708 |
$ |
677 |
$ |
661 |
||||||
Fixed income, including money market |
142 |
139 |
133 |
|||||||||
850 |
816 |
794 |
||||||||||
Subadvised and separate accounts and other investment products |
||||||||||||
Equity and blended assets |
604 |
568 |
546 |
|||||||||
Fixed income, including money market |
139 |
134 |
130 |
|||||||||
743 |
702 |
676 |
||||||||||
Total assets under management |
$ |
1,593 |
$ |
1,518 |
$ |
1,470 |
||||||
(a) Preliminary - subject to adjustment |
SOURCE T. Rowe Price Group, Inc.
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