BALTIMORE, June 10, 2020 /PRNewswire/ -- T. Rowe Price
Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end
assets under management of $1.19
trillion as of May 31, 2020. Client transfers
from mutual funds to other portfolios, including trusts and
separate accounts, were $1.9 billion
in May 2020 and $3.3 billion for the quarter-to-date period ended
May 31, 2020. This brings total client transfers for the
year-to-date period ended May 31, 2020, to $7.7 billion. These client transfers
include $0.2 billion, $0.7 billion, and $5.0
billion, respectively, transferred to the target-date
retirement trusts during the May, quarter-to-date, and year-to-date
periods.
In the assets under management presentation immediately below,
the firm has separately broken 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 with the underlying assets under
management of the multi-asset portfolios included within the equity
and fixed income lines.
The firm's assets under management as of May 31, 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)
|
|
5/31/2020
|
|
4/30/2020
|
|
3/31/2020
|
|
12/31/2019
|
|
U.S. mutual
funds
|
|
|
|
|
|
|
|
|
|
Equity
|
|
$
|
394
|
|
|
$
|
370
|
|
|
$
|
328
|
|
|
$
|
407
|
|
|
Fixed income,
including money market
|
|
74
|
|
|
72
|
|
|
73
|
|
|
74
|
|
|
Multi-asset(b)
|
|
185
|
|
|
178
|
|
|
161
|
|
|
202
|
|
|
|
653
|
|
|
620
|
|
|
562
|
|
|
683
|
|
|
Subadvised and
separate accounts and other investment products
|
|
|
|
|
|
|
|
|
|
Equity
|
|
303
|
|
|
283
|
|
|
241
|
|
|
292
|
|
|
Fixed income,
including money market
|
|
76
|
|
|
75
|
|
|
74
|
|
|
74
|
|
|
Multi-asset(b)
|
|
154
|
|
|
147
|
|
|
132
|
|
|
158
|
|
|
|
533
|
|
|
505
|
|
|
447
|
|
|
524
|
|
|
Total assets under
management
|
|
$
|
1,186
|
|
|
$
|
1,125
|
|
|
$
|
1,009
|
|
|
$
|
1,207
|
|
|
Target date
retirement products
|
|
$
|
277
|
|
|
$
|
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)
|
|
5/31/2020
|
|
4/30/2020
|
|
3/31/2020
|
|
12/31/2019
|
|
U.S. mutual
funds
|
|
|
|
|
|
|
|
|
|
Equity and
blended assets
|
|
$
|
529
|
|
|
$
|
499
|
|
|
$
|
444
|
|
|
$
|
553
|
|
|
Fixed income,
including money market
|
|
124
|
|
|
121
|
|
|
118
|
|
|
130
|
|
|
|
653
|
|
|
620
|
|
|
562
|
|
|
683
|
|
|
Subadvised and
separate accounts and other investment products
|
|
|
|
|
|
|
|
|
|
Equity and
blended assets
|
|
422
|
|
|
396
|
|
|
341
|
|
|
412
|
|
|
Fixed income,
including money market
|
|
111
|
|
|
109
|
|
|
106
|
|
|
112
|
|
|
|
533
|
|
|
505
|
|
|
447
|
|
|
524
|
|
|
Total assets under
management
|
|
$
|
1,186
|
|
|
$
|
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-may-2020-301073634.html
SOURCE T. Rowe Price Group, Inc.