T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For November 2020

BALTIMORE, Dec. 10, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.42 trillion as of November 30, 2020.  Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.4 billion in November 2020, and $1.5 billion for the quarter-to-date period ended November 30, 2020.  This brings total client transfers for the year-to-date period ended November 30, 2020, to $12.7 billion.  These client transfers include $0.5 billion and $8.2 billion, respectively, transferred to the target-date retirement trusts during the quarter-to-date and year-to-date periods. There were no transfers from mutual funds to the target-date retirement trusts in the month of November.

The firm's assets under management as of November 30, 2020, 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:

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.

SOURCE T. Rowe Price Group, Inc.

Related Links

www.troweprice.com