T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For November 2020

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For November 2020

PR Newswire

BALTIMORE, Dec. 10, 2020

BALTIMORE, Dec. 10, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.42 trillion as of November 30, 2020.  Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.4 billion in November 2020, and $1.5 billion for the quarter-to-date period ended November 30, 2020.  This brings total client transfers for the year-to-date period ended November 30, 2020, to $12.7 billion.  These client transfers include $0.5 billion and $8.2 billion, respectively, transferred to the target-date retirement trusts during the quarter-to-date and year-to-date periods. There were no transfers from mutual funds to the target-date retirement trusts in the month of November.

The firm's assets under management as of November 30, 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)


11/30/2020


10/31/2020


9/30/2020


12/31/2019

U.S. mutual funds









 Equity


$

481



$

436



$

442



$

407


 Fixed income, including money market


79



78



78



74


 Multi-asset(b)


211



193



196



202




771



707



716



683


Subadvised and separate accounts and other investment products









 Equity


380



342



344



292


 Fixed income, including money market


88



86



83



74


 Multi-asset(b)


181



165



167



158




649



593



594



524


Total assets under management


$

1,420



$

1,300



$

1,310



$

1,207


Target date retirement products


$

320



$

293



$

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)


11/30/2020


10/31/2020


9/30/2020


12/31/2019

U.S. mutual funds









 Equity and blended assets


$

640



$

577



$

587



$

553


 Fixed income, including money market


131



130



129



130




771



707



716



683


Subadvised and separate accounts and other investment products









 Equity and blended assets


523



469



473



412


 Fixed income, including money market


126



124



121



112




649



593



594



524


Total assets under management


$

1,420



$

1,300



$

1,310



$

1,207



(a)

Preliminary - subject to adjustment

 

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SOURCE T. Rowe Price Group, Inc.

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