T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For July 2020
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.
BALTIMORE, Aug. 12, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.28 trillion as of July 31, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.6 billion in July 2020 and $9.4 billion for the year-to-date period ended July 31, 2020. These client transfers include $0.5 billion and $6.6 billion, respectively, transferred to the target-date retirement trusts during July and the year-to-date period.
The firm's assets under management as of July 31, 2020, and for the prior 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) |
7/31/2020 |
6/30/2020 |
12/31/2019 |
|||||||||
|
U.S. mutual funds |
||||||||||||
|
Equity |
$ |
432 |
$ |
407 |
$ |
407 |
||||||
|
Fixed income, including money market |
77 |
76 |
74 |
|||||||||
|
Multi-asset(b) |
195 |
188 |
202 |
|||||||||
|
704 |
671 |
683 |
||||||||||
|
Subadvised and separate accounts and other investment products |
||||||||||||
|
Equity |
331 |
312 |
292 |
|||||||||
|
Fixed income, including money market |
81 |
77 |
74 |
|||||||||
|
Multi-asset(b) |
166 |
160 |
158 |
|||||||||
|
578 |
549 |
524 |
||||||||||
|
Total assets under management |
$ |
1,282 |
$ |
1,220 |
$ |
1,207 |
||||||
|
Target date retirement products |
$ |
295 |
$ |
284 |
$ |
292 |
||||||
|
(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) |
7/31/2020 |
6/30/2020 |
12/31/2019 |
|||||||||
|
U.S. mutual funds |
||||||||||||
|
Equity and blended assets |
$ |
575 |
$ |
544 |
$ |
553 |
||||||
|
Fixed income, including money market |
129 |
127 |
130 |
|||||||||
|
704 |
671 |
683 |
||||||||||
|
Subadvised and separate accounts and other investment products |
||||||||||||
|
Equity and blended assets |
460 |
435 |
412 |
|||||||||
|
Fixed income, including money market |
118 |
114 |
112 |
|||||||||
|
578 |
549 |
524 |
||||||||||
|
Total assets under management |
$ |
1,282 |
$ |
1,220 |
$ |
1,207 |
||||||
|
(a) |
Preliminary - subject to adjustment |
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SOURCE T. Rowe Price Group, Inc.
