PR Newswire
BALTIMORE, Jan. 13, 2021
BALTIMORE, Jan. 13, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.47 trillion as of December 31, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.0 billion in December 2020, and $2.5 billion for the fourth quarter of 2020. This brings total client transfers for 2020 to $13.7 billion. These client transfers include $0.4 billion in December, $0.9 billion in the fourth quarter, and $8.6 billion in 2020, transferred to the target-date retirement trusts.
The firm's assets under management as of December 31, 2020, 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) | 12/31/2020 | 11/30/2020 | 9/30/2020 | 12/31/2019 | |||||||||||
U.S. mutual funds | |||||||||||||||
Equity | $ | 498 | $ | 481 | $ | 442 | $ | 407 | |||||||
Fixed income, including money market | 79 | 79 | 78 | 74 | |||||||||||
Multi-asset(b) | 217 | 211 | 196 | 202 | |||||||||||
794 | 771 | 716 | 683 | ||||||||||||
Subadvised and separate accounts and other investment products | |||||||||||||||
Equity | 397 | 380 | 344 | 292 | |||||||||||
Fixed income, including money market | 89 | 88 | 83 | 74 | |||||||||||
Multi-asset(b) | 190 | 181 | 167 | 158 | |||||||||||
676 | 649 | 594 | 524 | ||||||||||||
Total assets under management | $ | 1,470 | $ | 1,420 | $ | 1,310 | $ | 1,207 | |||||||
Target date retirement products | $ | 332 | $ | 320 | $ | 297 | $ | 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) | 12/31/2020 | 11/30/2020 | 9/30/2020 | 12/31/2019 | |||||||||||
U.S. mutual funds | |||||||||||||||
Equity and blended assets | $ | 661 | $ | 640 | $ | 587 | $ | 553 | |||||||
Fixed income, including money market | 133 | 131 | 129 | 130 | |||||||||||
794 | 771 | 716 | 683 | ||||||||||||
Subadvised and separate accounts and other investment products | |||||||||||||||
Equity and blended assets | 546 | 523 | 473 | 412 | |||||||||||
Fixed income, including money market | 130 | 126 | 121 | 112 | |||||||||||
676 | 649 | 594 | 524 | ||||||||||||
Total assets under management | $ | 1,470 | $ | 1,420 | $ | 1,310 | $ | 1,207 |
(a) | Preliminary - subject to adjustment |
View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-december-2020-301207524.html
SOURCE T. Rowe Price Group, Inc.
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