Press release
T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR JUNE 2022
BALTIMORE, July 13, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.31
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"BALTIMORE, July 13, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.31 trillion as of June 30, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.2 billion in June 2022, and $2.9 billion for the quarter ended June 30, 2022. This brings total client transfers for the year-to-date period ended June 30, 2022, to $7.0 billion. These client transfers include $1.0 billion, $1.6 billion, and $4.9 billion, respectively, transferred to the target date retirement trusts during the June, second quarter, and year-to-date periods.\nThe following table shows the firm's assets under management as of June 30, 2022, and for the prior month-, quarter-, and year-end by investment vehicle, by asset class, and in the firm's target date retirement portfolios.\nAs of\nPreliminary(a)\n(in billions)\n6/30/2022\n5/31/2022\n3/31/2022\n12/31/2021\nU.S. mutual funds\n Equity \n$ 391\n$ 424\n$ 489\n$ 554\n Fixed income, including money market\n79\n81\n84\n85\n Multi-asset(b)\n187\n202\n217\n232\n657\n707\n790\n871\nSubadvised and separate accounts and other investment products\n Equity\n309\n336\n389\n439\n Fixed income, including money market\n92\n92\n91\n90\n Multi-asset(b)\n209\n224\n240\n246\n Alternatives\n43\n42\n42\n42\n653\n694\n762\n817\nTotal assets under management\n$ 1,310\n$ 1,401\n$ 1,552\n$ 1,688\nTarget date retirement products\n$ 327\n$ 351\n$ 375\n$ 391\n(a) Preliminary - subject to adjustment(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 InformationThe following table reflects the data with the underlying assets under management o...