BALTIMORE, May 12, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.59 trillion as of April 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $5.9 billion in April 2021 and $11.5 billion for the year-to-date period ended April 30, 2021. These client transfers include $5.2 billion and $10.1 billion, respectively, transferred to the target-date retirement trusts during April and the year-to-date period.
The firm's assets under management as of April 30, 2021, 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) | 4/30/2021 | 3/31/2021 | 12/31/2020 | |||||||||
U.S. mutual funds | ||||||||||||
Equity | $ | 539 | $ | 512 | $ | 498 | ||||||
Fixed income, including money market | 84 | 82 | 79 | |||||||||
Multi-asset(b) | 227 | 222 | 217 | |||||||||
850 | 816 | 794 | ||||||||||
Subadvised and separate accounts and other investment products | ||||||||||||
Equity | 428 | 406 | 397 | |||||||||
Fixed income, including money market | 91 | 90 | 89 | |||||||||
Multi-asset(b) | 224 | 206 | 190 | |||||||||
743 | 702 | 676 | ||||||||||
Total assets under management | $ | 1,593 | $ | 1,518 | $ | 1,470 | ||||||
Target date retirement products | $ | 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) | 4/30/2021 | 3/31/2021 | 12/31/2020 | |||||||||
U.S. mutual funds | ||||||||||||
Equity and blended assets | $ | 708 | $ | 677 | $ | 661 | ||||||
Fixed income, including money market | 142 | 139 | 133 | |||||||||
850 | 816 | 794 | ||||||||||
Subadvised and separate accounts and other investment products | ||||||||||||
Equity and blended assets | 604 | 568 | 546 | |||||||||
Fixed income, including money market | 139 | 134 | 130 | |||||||||
743 | 702 | 676 | ||||||||||
Total assets under management | $ | 1,593 | $ | 1,518 | $ | 1,470 | ||||||
(a) Preliminary - subject to adjustment | ||||||||||||
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SOURCE T. Rowe Price Group, Inc.