Press release
T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR AUGUST 2022
BALTIMORE, Sept. 13, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.34
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"BALTIMORE, Sept. 13, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.34 trillion as of August 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.5 billion in August 2022 and $3.0 billion for the quarter-to-date period ended August 31, 2022. This brings total client transfers for the year-to-date period ended August 31, 2022, to $10.0 billion. These client transfers include $1.2 billion, $2.0 billion, and $6.9 billion, respectively, transferred to the target date retirement trusts during the August, quarter-to-date, and year-to-date periods.\nThe following table shows the firm's assets under management as of August 31, 2022, and for the prior month-, quarter-, and year-end by investment vehicle, by asset class, and in the firm's target date retirement portfolios.\nAs of\nPreliminary(a)\n(in billions)\n8/31/2022\n7/31/2022\n6/30/2022\n12/31/2021\nU.S. mutual funds\n Equity \n$ 404\n$ 423\n$ 391\n$ 554\n Fixed income, including money market\n78\n79\n79\n85\n Multi-asset(b)\n189\n197\n187\n232\n671\n699\n657\n871\nSubadvised and separate accounts and other investment products\n Equity\n314\n329\n309\n439\n Fixed income, including money market\n93\n94\n92\n90\n Multi-asset(b)\n218\n224\n209\n246\n Alternatives\n43\n43\n43\n42\n668\n690\n653\n817\nTotal assets under management\n$ 1,339\n$ 1,389\n$ 1,310\n$ 1,688\nTarget date retirement products\n$ 337\n$ 348\n$ 327\n$ 391\n(a) Preliminary - subject to adjustment\n(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.\nFounded 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.\nSupplemental Information\nThe following table reflects the data with the und...