BALTIMORE, Sept. 13, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.68 trillion as of August 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.1 billion in August 2021 and $2.4 billion for the quarter-to-date period ended August 31, 2021. This brings total client transfers for the year-to-date period ended August 31, 2021, to $17.2 billion. These client transfers include $1.3 billion, $1.5 billion, and $12.3 billion, respectively, transferred to the target-date retirement trusts during the August, quarter-to-date, and year-to-date periods.
The firm's assets under management as of August 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) | 8/31/2021 | 7/31/2021 | 6/30/2021 | 12/31/2020 | ||||||||||||
U.S. mutual funds | ||||||||||||||||
Equity | $ | 573 | $ | 557 | $ | 551 | $ | 498 | ||||||||
Fixed income, including money market | 88 | 86 | 86 | 79 | ||||||||||||
Multi-asset(b) | 234 | 231 | 229 | 217 | ||||||||||||
895 | 874 | 866 | 794 | |||||||||||||
Subadvised and separate accounts and other investment products | ||||||||||||||||
Equity | 449 | 438 | 435 | 397 | ||||||||||||
Fixed income, including money market | 94 | 93 | 92 | 89 | ||||||||||||
Multi-asset(b) | 237 | 231 | 230 | 190 | ||||||||||||
780 | 762 | 757 | 676 | |||||||||||||
Total assets under management | $ | 1,675 | $ | 1,636 | $ | 1,623 | $ | 1,470 | ||||||||
Target date retirement products | $ | 390 | $ | 381 | $ | 379 | $ | 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) | 8/31/2021 | 7/31/2021 | 6/30/2021 | 12/31/2020 | ||||||||||||
U.S. mutual funds | ||||||||||||||||
Equity and blended assets | $ | 746 | $ | 726 | $ | 719 | $ | 661 | ||||||||
Fixed income, including money market | 149 | 148 | 147 | 133 | ||||||||||||
895 | 874 | 866 | 794 | |||||||||||||
Subadvised and separate accounts and other investment products | ||||||||||||||||
Equity and blended assets | 636 | 618 | 615 | 546 | ||||||||||||
Fixed income, including money market | 144 | 144 | 142 | 130 | ||||||||||||
780 | 762 | 757 | 676 | |||||||||||||
Total assets under management | $ | 1,675 | $ | 1,636 | $ | 1,623 | $ | 1,470 | ||||||||
(a) | Preliminary - subject to adjustment |
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SOURCE T. Rowe Price Group, Inc.