BALTIMORE, Oct. 12, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.61 trillion as of September 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.2 billion in September 2021, and $3.6 billion for the quarter-ended September 30, 2021. This brings total client transfers for the year-to-date period ended September 30, 2021, to $18.4 billion. These client transfers include $0.4 billion, $1.9 billion and $12.7 billion, respectively, transferred to the target-date retirement trusts during the September, quarter-to-date, and year-to-date periods.
The firm's assets under management as of September 30, 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:
As of | ||||||||||||||||
Preliminary(a) | ||||||||||||||||
(in billions) | 9/30/2021 | 8/31/2021 | 6/30/2021 | 12/31/2020 | ||||||||||||
U.S. mutual funds | ||||||||||||||||
Equity | $ | 546 | $ | 573 | $ | 551 | $ | 498 | ||||||||
Fixed income, including money market | 88 | 88 | 86 | 79 | ||||||||||||
Multi-asset(b) | 227 | 234 | 229 | 217 | ||||||||||||
861 | 895 | 866 | 794 | |||||||||||||
Subadvised and separate accounts and other investment products | ||||||||||||||||
Equity | 428 | 449 | 435 | 397 | ||||||||||||
Fixed income, including money market | 93 | 94 | 92 | 89 | ||||||||||||
Multi-asset(b) | 230 | 237 | 230 | 190 | ||||||||||||
751 | 780 | 757 | 676 | |||||||||||||
Total assets under management | $ | 1,612 | $ | 1,675 | $ | 1,623 | $ | 1,470 | ||||||||
Target date retirement products | $ | 378 |
$ | 390 |
$ | 379 |
$ | 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) | 9/30/2021 | 8/31/2021 | 6/30/2021 | 12/31/2020 | ||||||||||||
U.S. mutual funds | ||||||||||||||||
Equity and blended assets | $ | 711 | $ | 746 | $ | 719 | $ | 661 | ||||||||
Fixed income, including money market | 150 | 149 | 147 | 133 | ||||||||||||
861 | 895 | 866 | 794 | |||||||||||||
Subadvised and separate accounts and other investment products | ||||||||||||||||
Equity and blended assets | 608 | 636 | 615 | 546 | ||||||||||||
Fixed income, including money market | 143 | 144 | 142 | 130 | ||||||||||||
751 | 780 | 757 | 676 | |||||||||||||
Total assets under management | $ | 1,612 | $ | 1,675 | $ | 1,623 | $ | 1,470 | ||||||||
(a) | Preliminary - subject to adjustment |
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SOURCE T. Rowe Price Group, Inc.