Press release
T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For December 2020
BALTIMORE, Jan. 13, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.47
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"BALTIMORE, Jan. 13, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.47 trillion as of December 31, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.0 billion in December 2020, and $2.5 billion for the fourth quarter of 2020. This brings total client transfers for 2020 to $13.7 billion. These client transfers include $0.4 billion in December, $0.9 billion in the fourth quarter, and $8.6 billion in 2020, transferred to the target-date retirement trusts.\nThe firm's assets under management as of December 31, 2020, and for the prior month-, quarter-, and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:\nAs of\nPreliminary(a)\n(in billions)\n12/31/2020\n11/30/2020\n9/30/2020\n12/31/2019\nU.S. mutual funds\n Equity \n$\n498\n$\n481\n$\n442\n$\n407\n Fixed income, including money market\n79\n79\n78\n74\n Multi-asset(b)\n217\n211\n196\n202\n794\n771\n716\n683\nSubadvised and separate accounts and other investment products\n Equity\n397\n380\n344\n292\n Fixed income, including money market\n89\n88\n83\n74\n Multi-asset(b)\n190\n181\n167\n158\n676\n649\n594\n524\nTotal assets under management\n$\n1,470\n$\n1,420\n$\n1,310\n$\n1,207\nTarget date retirement products\n$\n332\n$\n320\n$\n297\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. \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 ...