T. Rowe Price Group Reports Preliminary Month-end Assets Under Management For May 2021
BALTIMORE, June 10, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.59 trillion as of May 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.5 billion in May 2021 and $6.4 billion for the quarter-to-date period ended May 31, 2021. This brings total client transfers for the year-to-date period ended May 31, 2021, to $12.0 billion. These client transfers include $0.1 billion, $5.3 billion, and $10.2 billion, respectively, transferred to the target-date retirement trusts during the May, quarter-to-date, and year-to-date periods.
The firm's assets under management as of May 31, 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) |
5/31/2021 |
4/30/2021 |
3/31/2021 |
12/31/2020 |
||||||||||||
U.S. mutual funds |
||||||||||||||||
Equity |
$ |
535 |
$ |
539 |
$ |
512 |
$ |
498 |
||||||||
Fixed income, including money market |
86 |
84 |
82 |
79 |
||||||||||||
Multi-asset(b) |
229 |
227 |
222 |
217 |
||||||||||||
850 |
850 |
816 |
794 |
|||||||||||||
Subadvised and separate accounts and other investment products |
||||||||||||||||
Equity |
425 |
428 |
406 |
397 |
||||||||||||
Fixed income, including money market |
92 |
91 |
90 |
89 |
||||||||||||
Multi-asset(b) |
226 |
224 |
206 |
190 |
||||||||||||
743 |
743 |
702 |
676 |
|||||||||||||
Total assets under management |
$ |
1,593 |
$ |
1,593 |
$ |
1,518 |
$ |
1,470 |
||||||||
Target date retirement products |
$ |
376 |
$ |
372 |
$ |
352 |
$ |
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) |
5/31/2021 |
4/30/2021 |
3/31/2021 |
12/31/2020 |
||||||||||||
U.S. mutual funds |
||||||||||||||||
Equity and blended assets |
$ |
705 |
$ |
708 |
$ |
677 |
$ |
661 |
||||||||
Fixed income, including money market |
145 |
142 |
139 |
133 |
||||||||||||
850 |
850 |
816 |
794 |
|||||||||||||
Subadvised and separate accounts and other investment products |
||||||||||||||||
Equity and blended assets |
602 |
604 |
568 |
546 |
||||||||||||
Fixed income, including money market |
141 |
139 |
134 |
130 |
||||||||||||
743 |
743 |
702 |
676 |
|||||||||||||
Total assets under management |
$ |
1,593 |
$ |
1,593 |
$ |
1,518 |
$ |
1,470 |
||||||||
(a) |
Preliminary - subject to adjustment |
SOURCE T. Rowe Price Group, Inc.
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