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

Rhea-AI Summary

T. Rowe Price Group (TROW) reported preliminary assets under management of $1.40 trillion as of May 31, 2022. Notably, client transfers from mutual funds to other portfolios were minimal, totaling $1.7 billion for the quarter-to-date and $5.8 billion year-to-date. The firm highlighted that out of these transfers, $0.6 billion and $3.9 billion were allocated to target date retirement trusts. This performance indicates a stable client base despite market fluctuations and underscores the firm’s strategic asset management approach.

Positive

• Total assets under management stood at $1.40 trillion as of May 31, 2022.
• Negligible client transfers from mutual funds indicate strong client retention.
• $0.6 billion transferred to target date retirement trusts highlights client confidence.

Negative

• Overall assets decreased from $1.42 trillion in April 2022.
• Continued outflows may signal potential future challenges in asset management.

BALTIMORE, June 10, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.40 trillion as of May 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were negligible for the month of May. Client transfers for the quarter-to-date and year-to-date periods ended May 31, 2022, were $1.7 billion and $5.8 billion, respectively.  These client transfers include $0.6 billion and $3.9 billion, respectively, transferred to the target date retirement trusts during the quarter-to-date and the year-to-date periods.

The following table shows the firm's assets under management as of May 31, 2022, and for the prior month-, 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)		5/31/2022		4/30/2022		3/31/2022		12/31/2021
U.S. mutual funds
Equity		$            424		$            435		$          489		$            554
Fixed income, including money market		81		81		84		85
Multi-asset(b)		202		202		217		232
		707		718		790		871
Subadvised and separate accounts and other investment products
Equity		336		345		389		439
Fixed income, including money market		92		91		91		90
Multi-asset(b)		224		224		240		246
Alternatives		42		42		42		42
		694		702		762		817
Total assets under management		$         1,401		$         1,420		$        1,552		$          1,688
Target date retirement products		$            351		$            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)		5/31/2022		4/30/2022		3/31/2022		12/31/2021
U.S. mutual funds
Equity and blended assets		$            569		$            579		$          647		$            724
Fixed income, including money market		138		139		143		147
		707		718		790		871
Subadvised and separate accounts and other investment products
Equity and blended assets		510		518		577		632
Fixed income, including money market		142		142		143		143
Alternatives		42		42		42		42
		694		702		762		817
Total assets under management		$          1,401		$          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-may-2022-301565681.html

SOURCE T. Rowe Price Group, Inc.

FAQ

What were TROW's total assets under management as of May 31, 2022?

T. Rowe Price's total assets under management were $1.40 trillion as of May 31, 2022.

How much did clients transfer from mutual funds in May 2022?

Client transfers from mutual funds totaled $1.7 billion for the quarter-to-date ending May 31, 2022.

What amount was transferred to target date retirement trusts by TROW in 2022?

In 2022, $0.6 billion was transferred to target date retirement trusts during the quarter ending May 31.

How did TROW's assets change from April to May 2022?

T. Rowe Price's assets under management decreased from $1.42 trillion in April 2022.