Press release
T. Rowe Price Group Reports Preliminary Month-end Assets Under Management For May 2021
BALTIMORE, June 10, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.59
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"\n BALTIMORE, June 10, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.59 trillion as of May 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.5 billion in May 2021 and $6.4 billion for the quarter-to-date period ended May 31, 2021. This brings total client transfers for the year-to-date period ended May 31, 2021, to $12.0 billion. These client transfers include $0.1 billion, $5.3 billion, and $10.2 billion, respectively, transferred to the target-date retirement trusts during the May, quarter-to-date, and year-to-date periods.\nThe firm's assets under management as of May 31, 2021, and for the prior month-, quarter-, and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:\nAs of\nPreliminary(a)\n(in billions)\n5/31/2021\n4/30/2021\n3/31/2021\n12/31/2020\nU.S. mutual funds\n Equity \n$\n535\n$\n539\n$\n512\n$\n498\n Fixed income, including money market\n86\n84\n82\n79\n Multi-asset(b)\n229\n227\n222\n217\n850\n850\n816\n794\nSubadvised and separate accounts and other investment products\n Equity\n425\n428\n406\n397\n Fixed income, including money market\n92\n91\n90\n89\n Multi-asset(b)\n226\n224\n206\n190\n743\n743\n702\n676\nTotal assets under management\n$\n1,593\n$\n1,593\n$\n1,518\n$\n1,470\nTarget date retirement products\n$\n376\n$\n372\n$\n352\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 mul...