Press release
T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR MAY 2022
BALTIMORE, June 10, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.40
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"BALTIMORE, June 10, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.40 trillion as of May 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were negligible for the month of May. Client transfers for the quarter-to-date and year-to-date periods ended May 31, 2022, were $1.7 billion and $5.8 billion, respectively. These client transfers include $0.6 billion and $3.9 billion, respectively, transferred to the target date retirement trusts during the quarter-to-date and the year-to-date periods.\nThe following table shows the firm's assets under management as of May 31, 2022, and for the prior month-, quarter-, and year-end by investment vehicle, by asset class, and in the firm's target date retirement portfolios.\nAs of\nPreliminary(a)\n(in billions)\n5/31/2022\n4/30/2022\n3/31/2022\n12/31/2021\nU.S. mutual funds\n Equity \n$ 424\n$ 435\n$ 489\n$ 554\n Fixed income, including money market\n81\n81\n84\n85\n Multi-asset(b)\n202\n202\n217\n232\n707\n718\n790\n871\nSubadvised and separate accounts and other investment products\n Equity\n336\n345\n389\n439\n Fixed income, including money market\n92\n91\n91\n90\n Multi-asset(b)\n224\n224\n240\n246\n Alternatives\n42\n42\n42\n42\n694\n702\n762\n817\nTotal assets under management\n$ 1,401\n$ 1,420\n$ 1,552\n$ 1,688\nTarget date retirement products\n$ 351\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.\n \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 portfolio...