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

Rhea-AI Summary

T. Rowe Price Group reported preliminary assets under management of $1.39 trillion as of July 31, 2022. In July, client transfers from mutual funds amounted to $1.5 billion, totaling $8.5 billion year-to-date. Significant transfers included $0.8 billion to target date retirement trusts. The latest asset breakdown shows equity holdings at $423 billion, fixed income at $79 billion, and multi-asset funds at $197 billion. The firm continues to manage a diverse portfolio for both individual and institutional investors.

Positive

• Preliminary assets under management increased to $1.39 trillion.
• Client transfers from mutual funds totaled $1.5 billion in July 2022.
• Year-to-date transfers reached $8.5 billion, indicating strong client engagement.

Negative

• No major negatives reported.

BALTIMORE, Aug. 10, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.39 trillion as of July 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.5 billion in July 2022 and $8.5 billion for the year-to-date period ended July 31, 2022. These client transfers include $0.8 billion and $5.7 billion, respectively, transferred to the target date retirement trusts during July and the year-to-date period.

The following table shows the firm's assets under management as of July 31, 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)		7/31/2022		6/30/2022		12/31/2021
U.S. mutual funds
Equity		$            423		$            391		$            554
Fixed income, including money market		79		79		85
Multi-asset(b)		197		187		232
		699		657		871
Subadvised and separate accounts and other investment products
Equity		329		309		439
Fixed income, including money market		94		92		90
Multi-asset(b)		224		209		246
Alternatives		43		43		42
		690		653		817
Total assets under management		$         1,389		$         1,310		$          1,688
Target date retirement products		$            348		$            327		$            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)		7/31/2022		6/30/2022		12/31/2021
U.S. mutual funds
Equity and blended assets		$            565		$            524		$            724
Fixed income, including money market		134		133		147
		699		657		871
Subadvised and separate accounts and other investment products
Equity and blended assets		503		470		632
Fixed income, including money market		144		140		143
Alternatives		43		43		42
		690		653		817
Total assets under management		$          1,389		$          1,310		$          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-july-2022-301603449.html

SOURCE T. Rowe Price Group, Inc.

FAQ

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

T. Rowe Price reported preliminary assets under management of $1.39 trillion as of July 31, 2022.

How much did TROW's clients transfer from mutual funds in July 2022?

Clients transferred $1.5 billion from mutual funds in July 2022.

What is the total client transfer amount for TROW year-to-date as of July 2022?

The total client transfer amount for T. Rowe Price year-to-date as of July 2022 is $8.5 billion.

How much did TROW transfer to target date retirement trusts in July 2022?

In July 2022, T. Rowe Price transferred $0.8 billion to target date retirement trusts.