T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR JUNE 2022
BALTIMORE, July 13, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.31 trillion as of June 30, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.2 billion in June 2022, and $2.9 billion for the quarter ended June 30, 2022. This brings total client transfers for the year-to-date period ended June 30, 2022, to $7.0 billion. These client transfers include $1.0 billion, $1.6 billion, and $4.9 billion, respectively, transferred to the target date retirement trusts during the June, second quarter, and year-to-date periods.
The following table shows the firm's assets under management as of June 30, 2022, and for the prior month-, quarter-, and year-end by investment vehicle, by asset class, and in the firm's target date retirement portfolios.
As of |
||||||||
Preliminary(a) |
||||||||
(in billions) |
6/30/2022 |
5/31/2022 |
3/31/2022 |
12/31/2021 |
||||
U.S. mutual funds |
||||||||
Equity |
$ 391 |
$ 424 |
$ 489 |
$ 554 |
||||
Fixed income, including money market |
79 |
81 |
84 |
85 |
||||
Multi-asset(b) |
187 |
202 |
217 |
232 |
||||
657 |
707 |
790 |
871 |
|||||
Subadvised and separate accounts and other investment products |
||||||||
Equity |
309 |
336 |
389 |
439 |
||||
Fixed income, including money market |
92 |
92 |
91 |
90 |
||||
Multi-asset(b) |
209 |
224 |
240 |
246 |
||||
Alternatives |
43 |
42 |
42 |
42 |
||||
653 |
694 |
762 |
817 |
|||||
Total assets under management |
$ 1,310 |
$ 1,401 |
$ 1,552 |
$ 1,688 |
||||
Target date retirement products |
$ 327 |
$ 351 |
$ 375 |
$ 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.
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) |
6/30/2022 |
5/31/2022 |
3/31/2022 |
12/31/2021 |
||||
U.S. mutual funds |
||||||||
Equity and blended assets |
$ 524 |
$ 569 |
$ 647 |
$ 724 |
||||
Fixed income, including money market |
133 |
138 |
143 |
147 |
||||
657 |
707 |
790 |
871 |
|||||
Subadvised and separate accounts and other investment products |
||||||||
Equity and blended assets |
470 |
510 |
577 |
632 |
||||
Fixed income, including money market |
140 |
142 |
143 |
143 |
||||
Alternatives |
43 |
42 |
42 |
42 |
||||
653 |
694 |
762 |
817 |
|||||
Total assets under management |
$ 1,310 |
$ 1,401 |
$ 1,552 |
$ 1,688 |
(a) Preliminary - subject to adjustment
SOURCE T. Rowe Price Group, Inc.
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