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T. Rowe Price Group Reports Preliminary Month-End Assets Under Management for September 2020


News provided by

T. Rowe Price Group, Inc.

Oct 12, 2020, 08:30 ET

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BALTIMORE, Oct. 12, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.31 trillion as of September 30, 2020.  Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.5 billion in September 2020, and $2.4 billion for the quarter-ended September 30, 2020.  This brings total client transfers for the year-to-date period ended September 30, 2020, to $11.2 billion. These client transfers include $0.1 billion, $1.6 billion and $7.7 billion, respectively, transferred to the target-date retirement trusts during the September, quarter-to-date, and year-to-date periods.

The firm's assets under management as of September 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:

   

As of

   

Preliminary(a)

           

(in billions)

 

9/30/2020

 

8/31/2020

 

6/30/2020

 

12/31/2019

U.S. mutual funds

               

 Equity

 

$

442

   

$

456

   

$

407

   

$

407

 

 Fixed income, including money market

 

78

   

77

   

76

   

74

 

 Multi-asset(b)

 

196

   

202

   

188

   

202

 
   

716

   

735

   

671

   

683

 

Subadvised and separate accounts and other investment products

               

 Equity

 

344

   

353

   

312

   

292

 

 Fixed income, including money market

 

83

   

83

   

77

   

74

 

 Multi-asset(b)

 

167

   

172

   

160

   

158

 
   

594

   

608

   

549

   

524

 

Total assets under management

 

$

1,310

   

$

1,343

   

$

1,220

   

$

1,207

 
     

Target date retirement products

 

$

 

297

   

$

305

   

$

284

   

$

292

 
   

(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)

 

9/30/2020

 

8/31/2020

 

6/30/2020

 

12/31/2019

U.S. mutual funds

               

 Equity and blended assets

 

$

587

   

$

606

   

$

544

   

$

553

 

 Fixed income, including money market

 

129

   

129

   

127

   

130

 
   

716

   

735

   

671

   

683

 

Subadvised and separate accounts and other investment products

               

 Equity and blended assets

 

473

   

487

   

435

   

412

 

 Fixed income, including money market

 

121

   

121

   

114

   

112

 
   

594

   

608

   

549

   

524

 

Total assets under management

 

$

1,310

   

$

1,343

   

$

1,220

   

$

1,207

 
   

(a)

Preliminary - subject to adjustment

SOURCE T. Rowe Price Group, Inc.

Related Links

www.troweprice.com

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