Press release
T. Rowe Price Group Reports Preliminary Month-End Assets Under Management for April 2020
BALTIMORE, May 12, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.13
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"BALTIMORE, May 12, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.13 trillion as of April 30, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.4 billion in April 2020 and $5.8 billion for the year-to-date period ended April 30, 2020. These client transfers include $0.5 billion and $4.8 billion, respectively, transferred to the target-date retirement trusts during April and the year-to-date period.\nThe firm has modified its assets under management presentation immediately below to separately break out the assets under management for the firm's multi-asset portfolios, which will align to the disclosures included in the quarterly earnings release. All prior periods presented have been reclassified to conform to the new presentation. For reference, the table at the end of the release reflects the data as the firm had previously been disclosing it, in which the underlying assets under management of the multi-asset portfolios were included within the equity and fixed income lines. \nThe firm's assets under management as of April 30, 2020, and for the prior month- and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:\nAs of\nPreliminary(a)\n(in billions)\n4/30/2020\n3/31/2020\n12/31/2019\nU.S. mutual funds\n Equity\n$\n370\n$\n328\n$\n407\n Fixed income, including money market\n72\n73\n74\n Multi-asset(b)\n178\n161\n202\n620\n562\n683\nSubadvised and separate accounts and other investment products\n Equity\n283\n241\n292\n Fixed income, including money market\n75\n74\n74\n Multi-asset(b)\n147\n132\n158\n505\n447\n524\nTotal assets under management\n$\n1,125\n$\n1,009\n$\n1,207\nTarget date retirement products\n$\n266\n$\n242\n$\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 fi...