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.
The 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.
As of | ||||||||
Preliminary(a) | ||||||||
(in billions) | 6/30/2022 | 5/31/2022 | 3/31/2022 | 12/31/2021 | ||||
U.S. mutual funds | ||||||||
Equity | $ 391 | $ 424 | $ 489 | $ 554 | ||||
Fixed income, including money market | 79 | 81 | 84 | 85 | ||||
Multi-asset(b) | 187 | 202 | 217 | 232 | ||||
657 | 707 | 790 | 871 | |||||
Subadvised and separate accounts and other investment products | ||||||||
Equity | 309 | 336 | 389 | 439 | ||||
Fixed income, including money market | 92 | 92 | 91 | 90 | ||||
Multi-asset(b) | 209 | 224 | 240 | 246 | ||||
Alternatives | 43 | 42 | 42 | 42 | ||||
653 | 694 | 762 | 817 | |||||
Total assets under management | $ 1,310 | $ 1,401 | $ 1,552 | $ 1,688 | ||||
Target date retirement products | $ 327 | $ 351 | $ 375 | $ 391 | ||||
(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 InformationThe 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) | 6/30/2022 | 5/31/2022 | 3/31/2022 | 12/31/2021 | ||||
U.S. mutual funds | ||||||||
Equity and blended assets | $ 524 | $ 569 | $ 647 | $ 724 | ||||
Fixed income, including money market | 133 | 138 | 143 | 147 | ||||
657 | 707 | 790 | 871 | |||||
Subadvised and separate accounts and other investment products | ||||||||
Equity and blended assets | 470 | 510 | 577 | 632 | ||||
Fixed income, including money market | 140 | 142 | 143 | 143 | ||||
Alternatives | 43 | 42 | 42 | 42 | ||||
653 | 694 | 762 | 817 | |||||
Total assets under management | $ 1,310 | $ 1,401 | $ 1,552 | $ 1,688 | ||||
(a) Preliminary - subject to adjustment
View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-june-2022-301585745.html
SOURCE T. Rowe Price Group, Inc.