T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For April 2021
T. Rowe Price Group, as of April 30, 2021, reported preliminary month-end assets under management of $1.59 trillion. In April, client transfers to other portfolios totaled $5.9 billion, with $5.2 billion going to target-date retirement trusts. The company's assets under management for U.S. mutual funds includes $539 billion in equity and $84 billion in fixed income. Year-to-date, total assets increased from $1.47 trillion at the end of 2020 and $1.52 trillion at the end of March 2021.
- Preliminary assets under management reached $1.59 trillion.
- Client transfers are strong, with $5.9 billion in April 2021.
- Significant inflows into target-date retirement trusts amount to $5.2 billion in April.
- None.
BALTIMORE, May 12, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of
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 | ||||||||||||
View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-april-2021-301289754.html
SOURCE T. Rowe Price Group, Inc.
FAQ
What are TROW's assets under management as of April 2021?
How much did TROW clients transfer to other portfolios in April 2021?
How much did T. Rowe Price gain from target-date retirement trusts?
What was TROW's increase in assets under management from March to April 2021?
