Press release
T. Rowe Price Group Reports Preliminary Month-End Assets Under Management for September 2020
BALTIMORE, Oct. 12, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.31
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"\n BALTIMORE, Oct. 12, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.31 trillion as of September 30, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.5 billion in September 2020, and $2.4 billion for the quarter-ended September 30, 2020. This brings total client transfers for the year-to-date period ended September 30, 2020, to $11.2 billion. These client transfers include $0.1 billion, $1.6 billion and $7.7 billion, respectively, transferred to the target-date retirement trusts during the September, quarter-to-date, and year-to-date periods.\nThe firm's assets under management as of September 30, 2020, and for the prior month-, quarter- and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:\nAs of\nPreliminary(a)\n(in billions)\n9/30/2020\n8/31/2020\n6/30/2020\n12/31/2019\nU.S. mutual funds\n Equity\n$\n442\n$\n456\n$\n407\n$\n407\n Fixed income, including money market\n78\n77\n76\n74\n Multi-asset(b)\n196\n202\n188\n202\n716\n735\n671\n683\nSubadvised and separate accounts and other investment products\n Equity\n344\n353\n312\n292\n Fixed income, including money market\n83\n83\n77\n74\n Multi-asset(b)\n167\n172\n160\n158\n594\n608\n549\n524\nTotal assets under management\n$\n1,310\n$\n1,343\n$\n1,220\n$\n1,207\nTarget date retirement products\n$\n \n297\n$\n305\n$\n284\n$\n292\n(a) \nPreliminary - subject to adjustment \n(b) \nThe 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. \n \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 underlying assets un...