Press release
T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For October 2020
BALTIMORE, Nov. 11, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.30
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"BALTIMORE, Nov. 11, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.30 trillion as of October 31, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion in October 2020, and $12.3 billion for the year-to-date period ended October 31, 2020. These client transfers include $0.5 billion and $8.2 billion, respectively, transferred to the target-date retirement trusts during October and the year-to-date period.\nThe firm's assets under management as of October 31, 2020, and for the prior quarter- and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:\nAs of\nPreliminary(a)\n(in billions)\n10/31/2020\n9/30/2020\n12/31/2019\nU.S. mutual funds\n Equity \n$\n436\n$\n442\n$\n407\n Fixed income, including money market\n78\n78\n74\n Multi-asset(b)\n193\n196\n202\n707\n716\n683\nSubadvised and separate accounts and other investment products\n Equity\n342\n344\n292\n Fixed income, including money market\n86\n83\n74\n Multi-asset(b)\n165\n167\n158\n593\n594\n524\nTotal assets under management\n$\n1,300\n$\n1,310\n$\n1,207\nTarget date retirement products\n$\n293\n$\n297\n$\n292\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 underlying assets under management of the multi-asset portfolios included within the equity and fixed income lines.\nAs of\nPreliminary(a)\n(in billions)\n10/31/2020\n9/30/2020\n12/31/2019\nU.S. mutual funds\n Equity and blended assets\n$\n577\n$\n...