T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For August 2021
BALTIMORE, Sept. 13, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.68 trillion as of August 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.1 billion in August 2021 and $2.4 billion for the quarter-to-date period ended August 31, 2021. This brings total client transfers for the year-to-date period ended August 31, 2021, to $17.2 billion. These client transfers include $1.3 billion, $1.5 billion, and $12.3 billion, respectively, transferred to the target-date retirement trusts during the August, quarter-to-date, and year-to-date periods.
The firm's assets under management as of August 31, 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) |
8/31/2021 |
7/31/2021 |
6/30/2021 |
12/31/2020 |
||||||||||||
U.S. mutual funds |
||||||||||||||||
Equity |
$ |
573 |
$ |
557 |
$ |
551 |
$ |
498 |
||||||||
Fixed income, including money market |
88 |
86 |
86 |
79 |
||||||||||||
Multi-asset(b) |
234 |
231 |
229 |
217 |
||||||||||||
895 |
874 |
866 |
794 |
|||||||||||||
Subadvised and separate accounts and other investment products |
||||||||||||||||
Equity |
449 |
438 |
435 |
397 |
||||||||||||
Fixed income, including money market |
94 |
93 |
92 |
89 |
||||||||||||
Multi-asset(b) |
237 |
231 |
230 |
190 |
||||||||||||
780 |
762 |
757 |
676 |
|||||||||||||
Total assets under management |
$ |
1,675 |
$ |
1,636 |
$ |
1,623 |
$ |
1,470 |
||||||||
Target date retirement products |
$ |
390 |
$ |
381 |
$ |
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 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) |
8/31/2021 |
7/31/2021 |
6/30/2021 |
12/31/2020 |
||||||||||||
U.S. mutual funds |
||||||||||||||||
Equity and blended assets |
$ |
746 |
$ |
726 |
$ |
719 |
$ |
661 |
||||||||
Fixed income, including money market |
149 |
148 |
147 |
133 |
||||||||||||
895 |
874 |
866 |
794 |
|||||||||||||
Subadvised and separate accounts and other investment products |
||||||||||||||||
Equity and blended assets |
636 |
618 |
615 |
546 |
||||||||||||
Fixed income, including money market |
144 |
144 |
142 |
130 |
||||||||||||
780 |
762 |
757 |
676 |
|||||||||||||
Total assets under management |
$ |
1,675 |
$ |
1,636 |
$ |
1,623 |
$ |
1,470 |
(a) |
Preliminary - subject to adjustment |
SOURCE T. Rowe Price Group, Inc.
Share this article