Press release
T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR NOVEMBER 2022
BALTIMORE, Dec. 12, 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, Dec. 12, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.34 trillion as of November 30, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.7 billion in November 2022 and $1.4 billion for the quarter-to-date period ended November 30, 2022. This brings total client transfers for the year-to-date period ended November 30, 2022, to $11.7 billion. These client transfers include $0.5 billion, $1.1 billion, and $8.2 billion, respectively, transferred to the target date retirement trusts during the November, quarter-to-date, and year-to-date periods.\nThe following table shows the firm's assets under management as of November 30, 2022, and for the prior month-, quarter-, and year-end by investment vehicle, by asset class, and in the firm's target date retirement portfolios.\nAs of\nPreliminary(a)\n(in billions)\n11/30/2022\n10/31/2022\n9/30/2022\n12/31/2021\nU.S. mutual funds\n Equity \n$ 400\n$ 382\n$ 365\n$ 554\n Fixed income, including money market\n75\n74\n74\n85\n Multi-asset(b)\n192\n182\n175\n232\n667\n638\n614\n871\nSubadvised and separate accounts and other investment products\n Equity\n312\n299\n283\n439\n Fixed income, including money market\n92\n90\n91\n90\n Multi-asset(b)\n225\n210\n199\n246\n Alternatives\n44\n43\n43\n42\n673\n642\n616\n817\nTotal assets under management\n$ 1,340\n$ 1,280\n$ 1,230\n$ 1,688\nTarget date retirement products\n$ 349\n$ 327\n$ 311\n$ 391\n(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.\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 InformationThe following table reflects the data wit...