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

Rhea-AI Summary

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.

Positive

• 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.

Negative

• None.

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

 

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?

T. Rowe Price reported preliminary assets under management of $1.59 trillion as of April 30, 2021.

How much did TROW clients transfer to other portfolios in April 2021?

Clients transferred $5.9 billion from mutual funds to other portfolios in April 2021.

How much did T. Rowe Price gain from target-date retirement trusts?

T. Rowe Price gained $5.2 billion in client transfers to target-date retirement trusts in April 2021.

What was TROW's increase in assets under management from March to April 2021?

TROW's assets under management increased from $1.52 trillion at the end of March 2021 to $1.59 trillion at the end of April 2021.