Press release
T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For February 2021
BALTIMORE, March 10, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.50
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"BALTIMORE, March 10, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.50 trillion as of February 28, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion in February 2021 and $3.9 billion for the quarter-to-date period ended February 28, 2021. These client transfers include $1.1 billion and $3.6 billion, respectively, transferred to the target-date retirement trusts during February and the year-to-date period.\nThe firm's assets under management as of February 28, 2021, and for the prior month - and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:\nAs of\nPreliminary(a)\n(in billions)\n2/28/2021\n1/31/2021\n12/31/2020\nU.S. mutual funds\n Equity \n$\n508\n$\n495\n$\n498\n Fixed income, including money market\n82\n81\n79\n Multi-asset(b)\n219\n214\n217\n809\n790\n794\nSubadvised and separate accounts and other investment products\n Equity\n402\n392\n397\n Fixed income, including money market\n90\n89\n89\n Multi-asset(b)\n200\n193\n190\n692\n674\n676\nTotal assets under management\n$\n1,501\n$\n1,464\n$\n1,470\nTarget date retirement products\n$\n344\n$\n333\n$\n332\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 of\nPreliminary(a)\n(in billions)\n2/28/2021\n1/31/2021\n12/31/2020\nU.S. mutual funds\n Equity and blended assets\n$\n...