T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For June 2021

BALTIMORE, July 13, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.62 trillion as of June 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.8 billion in June 2021, and $9.2 billion for the quarter-ended June 30, 2021.  This brings total client transfers for the year-to-date period ended June 30, 2021, to $14.8 billion. These client transfers include $0.6 billion, $5.9 billion and $10.8 billion, respectively, transferred to the target-date retirement trusts during the June, second quarter, and year-to-date periods.

The firm's assets under management as of June 30, 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)		6/30/2021				5/31/2021				3/31/2021				12/31/2020
U.S. mutual funds
Equity		$	551			$	535			$	512			$	498
Fixed income, including money market		86				86				82				79
Multi-asset(b)		229				229				222				217
		866				850				816				794
Subadvised and separate accounts and other investment products
Equity		435				425				406				397
Fixed income, including money market		92				92				90				89
Multi-asset(b)		230				226				206				190
		757				743				702				676
Total assets under management		$	1,623			$	1,593			$	1,518			$	1,470
Target date retirement products		$	379			$	376			$	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)		6/30/2021				5/31/2021				3/31/2021				12/31/2020
U.S. mutual funds
Equity and blended assets		$	719			$	705			$	677			$	661
Fixed income, including money market		147				145				139				133
		866				850				816				794
Subadvised and separate accounts and other investment products
Equity and blended assets		615				602				568				546
Fixed income, including money market		142				141				134				130
		757				743				702				676
Total assets under management		$	1,623			$	1,593			$	1,518			$	1,470
(a) Preliminary - subject to adjustment

 

 

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SOURCE T. Rowe Price Group, Inc.

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