BALTIMORE, Oct. 12, 2021 /PRNewswire/ -- T. Rowe Price
Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end
assets under management of $1.61
trillion as of September 30, 2021. Client transfers
from mutual funds to other portfolios, including trusts and
separate accounts, were $1.2 billion
in September 2021, and $3.6 billion for the quarter-ended
September 30, 2021. This brings total client transfers for the
year-to-date period ended September 30, 2021, to $18.4 billion. These client transfers include
$0.4 billion, $1.9 billion and $12.7
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,
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)
|
|
9/30/2021
|
|
8/31/2021
|
|
6/30/2021
|
|
12/31/2020
|
U.S. mutual
funds
|
|
|
|
|
|
|
|
|
Equity
|
|
$
|
546
|
|
|
$
|
573
|
|
|
$
|
551
|
|
|
$
|
498
|
|
Fixed income,
including money market
|
|
88
|
|
|
88
|
|
|
86
|
|
|
79
|
|
Multi-asset(b)
|
|
227
|
|
|
234
|
|
|
229
|
|
|
217
|
|
|
|
861
|
|
|
895
|
|
|
866
|
|
|
794
|
|
Subadvised and
separate accounts and other
investment products
|
|
|
|
|
|
|
|
|
Equity
|
|
428
|
|
|
449
|
|
|
435
|
|
|
397
|
|
Fixed income,
including money market
|
|
93
|
|
|
94
|
|
|
92
|
|
|
89
|
|
Multi-asset(b)
|
|
230
|
|
|
237
|
|
|
230
|
|
|
190
|
|
|
|
751
|
|
|
780
|
|
|
757
|
|
|
676
|
|
Total assets under
management
|
|
$
|
1,612
|
|
|
$
|
1,675
|
|
|
$
|
1,623
|
|
|
$
|
1,470
|
|
Target date
retirement products
|
|
$
|
378
|
|
|
$
|
390
|
|
|
$
|
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)
|
|
9/30/2021
|
|
8/31/2021
|
|
6/30/2021
|
|
12/31/2020
|
U.S. mutual
funds
|
|
|
|
|
|
|
|
|
Equity and
blended assets
|
|
$
|
711
|
|
|
$
|
746
|
|
|
$
|
719
|
|
|
$
|
661
|
|
Fixed income,
including money market
|
|
150
|
|
|
149
|
|
|
147
|
|
|
133
|
|
|
|
861
|
|
|
895
|
|
|
866
|
|
|
794
|
|
Subadvised and
separate accounts and
other investment products
|
|
|
|
|
|
|
|
|
Equity and
blended assets
|
|
608
|
|
|
636
|
|
|
615
|
|
|
546
|
|
Fixed income,
including money market
|
|
143
|
|
|
144
|
|
|
142
|
|
|
130
|
|
|
|
751
|
|
|
780
|
|
|
757
|
|
|
676
|
|
Total assets under
management
|
|
$
|
1,612
|
|
|
$
|
1,675
|
|
|
$
|
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-september-2021-301397969.html
SOURCE T. Rowe Price Group, Inc.