T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR FEBRUARY 2022
BALTIMORE, March 10, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.54 trillion as of February 28, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.4 billion in February 2022 and $3.6 billion for the quarter-to-date period ended February 28, 2022. These client transfers include $0.9 billion and $2.8 billion, respectively, transferred to the target-date retirement trusts during the February and year-to-date periods.
The following table shows the firm's assets under management as of February 28, 2022, and for the prior month- and year-end by investment vehicle, asset class, and in the firm's target date retirement portfolios.
As of | |||||||||||
Preliminary(a) | |||||||||||
(in billions) | 2/28/2022 | 1/31/2022 | 12/31/2021 | ||||||||
U.S. mutual funds | |||||||||||
Equity | $ | 486 | $ | 503 | $ | 554 | |||||
Fixed income, including money market | 85 | 85 | 85 | ||||||||
Multi-asset(b) | 216 | 221 | 232 | ||||||||
787 | 809 | 871 | |||||||||
Subadvised and separate accounts and other investment products | |||||||||||
Equity | 385 | 399 | 439 | ||||||||
Fixed income, including money market | 91 | 90 | 90 | ||||||||
Multi-asset(b) | 235 | 238 | 246 | ||||||||
Alternatives | 42 | 42 | 42 | ||||||||
753 | 769 | 817 | |||||||||
Total assets under management | $ | 1,540 | $ | 1,578 | $ | 1,688 | |||||
Target date retirement products | $ | 369 | $ | 376 | $ | 391 | |||||
(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) | 2/28/2022 | 1/31/2022 | 12/31/2021 | |||||||||
U.S. mutual funds | ||||||||||||
Equity and blended assets | $ | 642 | $ | 663 | $ | 724 | ||||||
Fixed income, including money market | 145 | 146 | 147 | |||||||||
787 | 809 | 871 | ||||||||||
Subadvised and separate accounts and other investment products | ||||||||||||
Equity and blended assets | 568 | 584 | 632 | |||||||||
Fixed income, including money market | 143 | 143 | 143 | |||||||||
Alternatives | 42 | 42 | 42 | |||||||||
753 | 769 | 817 | ||||||||||
Total assets under management | $ | 1,540 | $ | 1,578 | $ | 1,688 | ||||||
(a) | Preliminary - subject to adjustment |
SOURCE T. Rowe Price Group, Inc.
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