T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR DECEMBER 2021
BALTIMORE, Jan. 12, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.69 trillion as of December 31, 2021. The acquisition of Oak Hill Advisors, L.P. (OHA) completed on December 29, 2021, included $57 billion of capital under management(a), of which $47 billion of fee-basis assets under management are included in these preliminary month-end assets under management.
Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.2 billion in December 2021, and $5.4 billion for the quarter-ended December 31, 2021. This brings total client transfers for 2021 to $23.8 billion. These client transfers include $0.6 billion, $3.5 billion and $16.2 billion, respectively, transferred to the target-date retirement trusts during the December, quarter-to-date, and year-to-date periods.
The following table shows the firm's assets under management as of December 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. The change in assets under management from November 2021 also reflects the redemption of about $2.5 billion of the firm's U.S. mutual fund investments to fund the cash portion of the OHA acquisition.
As of |
|||||||||||||||
Preliminary(b) |
|||||||||||||||
(in billions) |
12/31/2021 |
11/30/2021 |
9/30/2021 |
12/31/2020 |
|||||||||||
U.S. mutual funds |
|||||||||||||||
Equity |
$ |
554 |
$ |
554 |
$ |
546 |
$ |
498 |
|||||||
Fixed income, including money market |
85 |
88 |
88 |
79 |
|||||||||||
Multi-asset(c) |
232 |
227 |
227 |
217 |
|||||||||||
871 |
869 |
861 |
794 |
||||||||||||
Subadvised and separate accounts and other investment products |
|||||||||||||||
Equity |
439 |
433 |
428 |
397 |
|||||||||||
Fixed income, including money market |
85 |
85 |
93 |
89 |
|||||||||||
Multi-asset(c) |
246 |
241 |
230 |
190 |
|||||||||||
770 |
759 |
751 |
676 |
||||||||||||
Acquired fee-basis assets under management |
47 |
— |
— |
— |
|||||||||||
Total assets under management |
$ |
1,688 |
$ |
1,628 |
$ |
1,612 |
$ |
1,470 |
|||||||
Target date retirement products |
$ |
391 |
$ |
384 |
$ |
378 |
$ |
332 |
(a) OHA's capital under management includes net assets value, portfolio value and unfunded capital.
(b) Preliminary - subject to adjustment
(c) 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) |
12/31/2021 |
11/30/2021 |
9/30/2021 |
12/31/2020 |
|||||||||||
U.S. mutual funds |
|||||||||||||||
Equity and blended assets |
$ |
724 |
$ |
720 |
$ |
711 |
$ |
661 |
|||||||
Fixed income, including money market |
147 |
149 |
150 |
133 |
|||||||||||
871 |
869 |
861 |
794 |
||||||||||||
Subadvised and separate accounts and other investment products |
|||||||||||||||
Equity and blended assets |
632 |
621 |
608 |
546 |
|||||||||||
Fixed income, including money market |
138 |
138 |
143 |
130 |
|||||||||||
770 |
759 |
751 |
676 |
||||||||||||
Acquired fee-basis assets under management |
47 |
— |
— |
— |
|||||||||||
Total assets under management |
$ |
1,688 |
$ |
1,628 |
$ |
1,612 |
$ |
1,470 |
(a) Preliminary - subject to adjustment
SOURCE T. Rowe Price Group, Inc.
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