BALTIMORE, Sept. 13, 2021 /PRNewswire/ -- T. Rowe Price
Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end
assets under management of $1.68
trillion as of August 31, 2021. Client transfers from
mutual funds to other portfolios, including trusts and separate
accounts, were $2.1 billion in
August 2021 and $2.4 billion for the quarter-to-date period ended
August 31, 2021. This brings total client transfers for
the year-to-date period ended August 31, 2021, to $17.2 billion. These client transfers
include $1.3 billion, $1.5 billion, and $12.3
billion, respectively, transferred to the target-date
retirement trusts during the August, quarter-to-date, and
year-to-date periods.
The firm's assets under management as of August 31, 2021,
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)
|
|
8/31/2021
|
|
7/31/2021
|
|
6/30/2021
|
|
12/31/2020
|
U.S. mutual
funds
|
|
|
|
|
|
|
|
|
Equity
|
|
$
|
573
|
|
|
$
|
557
|
|
|
$
|
551
|
|
|
$
|
498
|
|
Fixed income,
including money market
|
|
88
|
|
|
86
|
|
|
86
|
|
|
79
|
|
Multi-asset(b)
|
|
234
|
|
|
231
|
|
|
229
|
|
|
217
|
|
|
|
895
|
|
|
874
|
|
|
866
|
|
|
794
|
|
Subadvised and
separate accounts and other investment products
|
|
|
|
|
|
|
|
|
Equity
|
|
449
|
|
|
438
|
|
|
435
|
|
|
397
|
|
Fixed income,
including money market
|
|
94
|
|
|
93
|
|
|
92
|
|
|
89
|
|
Multi-asset(b)
|
|
237
|
|
|
231
|
|
|
230
|
|
|
190
|
|
|
|
780
|
|
|
762
|
|
|
757
|
|
|
676
|
|
Total assets under
management
|
|
$
|
1,675
|
|
|
$
|
1,636
|
|
|
$
|
1,623
|
|
|
$
|
1,470
|
|
Target date
retirement products
|
|
$
|
390
|
|
|
$
|
381
|
|
|
$
|
379
|
|
|
$
|
332
|
|
(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)
|
|
8/31/2021
|
|
7/31/2021
|
|
6/30/2021
|
|
12/31/2020
|
U.S. mutual
funds
|
|
|
|
|
|
|
|
|
Equity and
blended assets
|
|
$
|
746
|
|
|
$
|
726
|
|
|
$
|
719
|
|
|
$
|
661
|
|
Fixed income,
including money market
|
|
149
|
|
|
148
|
|
|
147
|
|
|
133
|
|
|
|
895
|
|
|
874
|
|
|
866
|
|
|
794
|
|
Subadvised and
separate accounts and other investment products
|
|
|
|
|
|
|
|
|
Equity and
blended assets
|
|
636
|
|
|
618
|
|
|
615
|
|
|
546
|
|
Fixed income,
including money market
|
|
144
|
|
|
144
|
|
|
142
|
|
|
130
|
|
|
|
780
|
|
|
762
|
|
|
757
|
|
|
676
|
|
Total assets under
management
|
|
$
|
1,675
|
|
|
$
|
1,636
|
|
|
$
|
1,623
|
|
|
$
|
1,470
|
|
(a)
|
Preliminary - subject
to adjustment
|
View original
content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-august-2021-301375213.html
SOURCE T. Rowe Price Group, Inc.