T. Rowe Price Group Reports Preliminary Month-End Assets Under Management for September 2020
Oct 12, 2020, 08:30 ET
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.
