BALTIMORE, May 12, 2020 /PRNewswire/ -- T. Rowe Price
Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end
assets under management of $1.13
trillion as of April 30, 2020. Client transfers
from mutual funds to other portfolios, including trusts and
separate accounts, were $1.4 billion
in April 2020 and $5.8 billion for the year-to-date period ended
April 30, 2020. These client transfers include
$0.5 billion and $4.8 billion, respectively, transferred to the
target-date retirement trusts during April and the year-to-date
period.
The firm has modified its assets under management presentation
immediately below to separately break out the assets under
management for the firm's multi-asset portfolios, which will align
to the disclosures included in the quarterly earnings
release. All prior periods presented have been reclassified
to conform to the new presentation. For reference, the table
at the end of the release reflects the data as the firm had
previously been disclosing it, in which the underlying assets under
management of the multi-asset portfolios were included within the
equity and fixed income lines.
The firm's assets under management as of April 30, 2020,
and for the prior month- 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)
|
|
4/30/2020
|
|
3/31/2020
|
|
12/31/2019
|
U.S. mutual
funds
|
|
|
|
|
|
|
Equity
|
|
$
|
370
|
|
|
$
|
328
|
|
|
$
|
407
|
|
Fixed income,
including money market
|
|
72
|
|
|
73
|
|
|
74
|
|
Multi-asset(b)
|
|
178
|
|
|
161
|
|
|
202
|
|
|
|
620
|
|
|
562
|
|
|
683
|
|
Subadvised and
separate accounts and other investment products
|
|
|
|
|
|
|
Equity
|
|
283
|
|
|
241
|
|
|
292
|
|
Fixed income,
including money market
|
|
75
|
|
|
74
|
|
|
74
|
|
Multi-asset(b)
|
|
147
|
|
|
132
|
|
|
158
|
|
|
|
505
|
|
|
447
|
|
|
524
|
|
Total assets under
management
|
|
$
|
1,125
|
|
|
$
|
1,009
|
|
|
$
|
1,207
|
|
Target date
retirement products
|
|
$
|
266
|
|
|
$
|
242
|
|
|
$
|
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
|
|
As of
|
|
|
Preliminary(a)
|
|
|
|
|
(in
billions)
|
|
4/30/2020
|
|
3/31/2020
|
|
12/31/2019
|
U.S. mutual
funds
|
|
|
|
|
|
|
Equity and
blended assets
|
|
$
|
499
|
|
|
$
|
444
|
|
|
$
|
553
|
|
Fixed income,
including money market
|
|
121
|
|
|
118
|
|
|
130
|
|
|
|
620
|
|
|
562
|
|
|
683
|
|
Subadvised and
separate accounts and other investment products
|
|
|
|
|
|
|
Equity and
blended assets
|
|
396
|
|
|
341
|
|
|
412
|
|
Fixed income,
including money market
|
|
109
|
|
|
106
|
|
|
112
|
|
|
|
505
|
|
|
447
|
|
|
524
|
|
Total assets under
management
|
|
$
|
1,125
|
|
|
$
|
1,009
|
|
|
$
|
1,207
|
|
|
(a)
Preliminary - subject to adjustment
|
View original
content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-april-2020-301057578.html
SOURCE T. Rowe Price Group, Inc.