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

Rhea-AI Summary

T. Rowe Price Group (TROW) announced preliminary assets under management of $1.46 trillion as of January 31, 2021. Client transfers in January amounted to $2.8 billion, with $2.5 billion specifically moving to target-date retirement trusts. The firm's asset distribution showed $495 billion in equity funds, mostly unchanged from $498 billion at year-end 2020, while fixed income increased to $81 billion. Overall, TROW's total AUM saw a slight decrease from $1.47 trillion at the end of December 2020.

Positive

• Preliminary AUM of $1.46 trillion indicates strong asset management.
• Client transfers of $2.8 billion reflect market confidence.

Negative

• Total AUM decreased slightly from $1.47 trillion in December 2020.
• Equity funds saw a reduction from $498 billion to $495 billion.

BALTIMORE, Feb. 10, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.46 trillion as of January 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.8 billion in January 2021.  These client transfers include $2.5 billion transferred to the target-date retirement trusts during January.

The firm's assets under management as of January 31, 2021, and for the prior 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)		1/31/2021				12/31/2020
U.S. mutual funds
Equity		$	495			$	498
Fixed income, including money market		81				79
Multi-asset(b)		214				217
		790				794
Subadvised and separate accounts and other investment products
Equity		392				397
Fixed income, including money market		89				89
Multi-asset(b)		193				190
		674				676
Total assets under management		$	1,464			$	1,470
Target date retirement products		$	333			$	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)		1/31/2021				12/31/2020
U.S. mutual funds
Equity and blended assets		$	654			$	661
Fixed income, including money market		136				133
		790				794
Subadvised and separate accounts and other investment products
Equity and blended assets		542				546
Fixed income, including money market		132				130
		674				676
Total assets under management		$	1,464			$	1,470

(a) Preliminary - subject to adjustment

 

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SOURCE T. Rowe Price Group, Inc.

FAQ

What are the preliminary assets under management for TROW as of January 2021?

T. Rowe Price reported preliminary assets under management of $1.46 trillion as of January 31, 2021.

How much did client transfers amount to at T. Rowe Price in January 2021?

Client transfers totaled $2.8 billion in January 2021, with $2.5 billion going to target-date retirement trusts.

What was the change in equity funds for T. Rowe Price from December 2020 to January 2021?

Equity funds decreased from $498 billion in December 2020 to $495 billion in January 2021.

What was the fixed income AUM reported by T. Rowe Price as of January 2021?

Fixed income AUM was reported at $81 billion as of January 31, 2021.