BALTIMORE, Feb. 10, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.46 trillion as of January 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.8 billion in January 2021. These client transfers include $2.5 billion transferred to the target-date retirement trusts during January.
The firm's assets under management as of January 31, 2021, and for the prior year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:
As of | ||||||||
Preliminary(a) | ||||||||
(in billions) | 1/31/2021 | 12/31/2020 | ||||||
U.S. mutual funds | ||||||||
Equity | $ | 495 | $ | 498 | ||||
Fixed income, including money market | 81 | 79 | ||||||
Multi-asset(b) | 214 | 217 | ||||||
790 | 794 | |||||||
Subadvised and separate accounts and other investment products | ||||||||
Equity | 392 | 397 | ||||||
Fixed income, including money market | 89 | 89 | ||||||
Multi-asset(b) | 193 | 190 | ||||||
674 | 676 | |||||||
Total assets under management | $ | 1,464 | $ | 1,470 | ||||
Target date retirement products | $ | 333 | $ | 332 | ||||
(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. |
Founded 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.
Supplemental Information
The following table reflects the data with the underlying assets under management of the multi-asset portfolios included within the equity and fixed income lines.
As of | ||||||||
Preliminary(a) | ||||||||
(in billions) | 1/31/2021 | 12/31/2020 | ||||||
U.S. mutual funds | ||||||||
Equity and blended assets | $ | 654 | $ | 661 | ||||
Fixed income, including money market | 136 | 133 | ||||||
790 | 794 | |||||||
Subadvised and separate accounts and other investment products | ||||||||
Equity and blended assets | 542 | 546 | ||||||
Fixed income, including money market | 132 | 130 | ||||||
674 | 676 | |||||||
Total assets under management | $ | 1,464 | $ | 1,470 | ||||
(a) Preliminary - subject to adjustment |
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SOURCE T. Rowe Price Group, Inc.