Press release
T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For September 2021
BALTIMORE, Oct. 12, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.61
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"BALTIMORE, Oct. 12, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.61 trillion as of September 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.2 billion in September 2021, and $3.6 billion for the quarter-ended September 30, 2021. This brings total client transfers for the year-to-date period ended September 30, 2021, to $18.4 billion. These client transfers include $0.4 billion, $1.9 billion and $12.7 billion, respectively, transferred to the target-date retirement trusts during the September, quarter-to-date, and year-to-date periods.\nThe firm's assets under management as of September 30, 2021, and for the prior month-, quarter-, and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:\nAs of\nPreliminary(a)\n(in billions)\n9/30/2021\n8/31/2021\n6/30/2021\n12/31/2020\nU.S. mutual funds\n Equity \n$\n546\n$\n573\n$\n551\n$\n498\n Fixed income, including money market\n88\n88\n86\n79\n Multi-asset(b)\n227\n234\n229\n217\n861\n895\n866\n794\nSubadvised and separate accounts and other investment products\n Equity\n428\n449\n435\n397\n Fixed income, including money market\n93\n94\n92\n89\n Multi-asset(b)\n230\n237\n230\n190\n751\n780\n757\n676\nTotal assets under management\n$\n1,612\n$\n1,675\n$\n1,623\n$\n1,470\nTarget date retirement products\n$\n378\n \n$\n390\n \n$\n379\n \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 u...