T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR APRIL 2022

Rhea-AI Summary

T. Rowe Price Group reported preliminary assets under management of $1.42 trillion as of April 30, 2022. In April, client transfers from mutual funds to other portfolios totaled $1.7 billion, totaling $5.8 billion year-to-date. Transfers to target date retirement trusts were $0.6 billion in April and $3.9 billion year-to-date. The firm’s mutual funds showed a decline in equity assets to $435 billion from $489 billion in March. Overall, T. Rowe Price’s investment management strategy emphasizes diversification and fundamental research.

Positive

• Total assets under management reached $1.42 trillion.
• Client transfers indicate strong demand for diverse investment products.

Negative

• Decline in equity assets from $489 billion in March to $435 billion in April.

BALTIMORE, May 11, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.42 trillion as of April 30, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.7 billion in April 2022 and $5.8 billion for the year-to-date period ended April 30, 2022. These client transfers include $0.6 billion and $3.9 billion, respectively, transferred to the target date retirement trusts during April and the year-to-date period.

The following table shows the firm's assets under management as of April 30, 2022, and for the prior quarter- and year-end by investment vehicle, by asset class, and in the firm's target date retirement portfolios.

		As of
		Preliminary(a)
(in billions)		4/30/2022		3/31/2022		12/31/2021
U.S. mutual funds
Equity		$            435		$            489		$            554
Fixed income, including money market		81		84		85
Multi-asset(b)		202		217		232
		718		790		871
Subadvised and separate accounts and other investment products
Equity		345		389		439
Fixed income, including money market		91		91		90
Multi-asset(b)		224		240		246
Alternatives		42		42		42
		702		762		817
Total assets under management		$         1,420		$         1,552		$          1,688
Target date retirement products		$            351		$            375		$            391

(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)		4/30/2022		3/31/2022		12/31/2021
U.S. mutual funds
Equity and blended assets		$            579		$            647		$            724
Fixed income, including money market		139		143		147
		718		790		871
Subadvised and separate accounts and other investment products
Equity and blended assets		518		577		632
Fixed income, including money market		142		143		143
Alternatives		42		42		42
		702		762		817
Total assets under management		$          1,420		$          1,552		$          1,688

(a)	Preliminary - subject to adjustment

 

View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-april-2022-301544867.html

SOURCE T. Rowe Price Group, Inc.

FAQ

What are TROW's assets under management as of April 2022?

T. Rowe Price reported preliminary assets under management of $1.42 trillion as of April 30, 2022.

How much did TROW clients transfer from mutual funds in April 2022?

Clients transferred $1.7 billion from mutual funds to other portfolios in April 2022.

What was the year-to-date transfer amount for TROW as of April 2022?

The year-to-date transfer amount for TROW was $5.8 billion as of April 30, 2022.

How much did TROW's target date retirement trusts receive in April 2022?

T. Rowe Price's target date retirement trusts received $0.6 billion in transfers in April 2022.

What is the trend in TROW's equity assets from March to April 2022?

T. Rowe Price experienced a decline in equity assets from $489 billion in March to $435 billion in April 2022.