T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR NOVEMBER 2021

Rhea-AI Summary

T. Rowe Price Group reported preliminary assets under management totaling $1.63 trillion as of November 30, 2021. In November, client transfers from mutual funds to other portfolios reached $1.1 billion, with $4.2 billion for the quarter-to-date. Year-to-date transfers stand at $22.6 billion, including significant amounts into target-date retirement trusts. The firm's total client assets are diversified across mutual funds, fixed income, and multi-asset portfolios, demonstrating a focus on strategic investment management.

Positive

• Preliminary assets under management of $1.63 trillion as of November 30, 2021.
• Client transfers from mutual funds totaled $22.6 billion year-to-date.
• Significant client transfers into target-date retirement trusts, totaling $15.6 billion year-to-date.

Negative

• Decline in assets under management compared to the prior month ($1.67 trillion as of October 31, 2021).
• Client transfers of $4.2 billion are lower than expected for the quarter.

BALTIMORE, Dec. 10, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.63 trillion as of November 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion in November 2021, and $4.2 billion for the quarter-to-date period ended November 30, 2021. This brings total client transfers for the year-to-date period ended November 30, 2021, to $22.6 billion. These client transfers include $0.7 billion, $2.9 billion, and $15.6 billion, respectively, transferred to the target-date retirement trusts during the November, quarter-to-date, and year-to-date periods.

The following table shows the firm's assets under management as of November 30, 2021, and for the prior month-, quarter-, and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios.

		As of
		Preliminary(a)
(in billions)		11/30/2021				10/31/2021				9/30/2021				12/31/2020
U.S. mutual funds
Equity		$	554			$	572			$	546			$	498
Fixed income, including money market		88				87				88				79
Multi-asset(b)		227				233				227				217
		869				892				861				794
Subadvised and separate accounts and other investment products
Equity		433				447				428				397
Fixed income, including money market		85				86				93				89
Multi-asset(b)		241				246				230				190
		759				779				751				676
Total assets under management		$	1,628			$	1,671			$	1,612			$	1,470
Target date retirement products		$	384			$	393			$	378			$	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)		11/30/2021				10/31/2021				9/30/2021				12/31/2020
U.S. mutual funds
Equity and blended assets		$	720			$	743			$	711			$	661
Fixed income, including money market		149				149				150				133
		869				892				861				794
Subadvised and separate accounts and other investment products
Equity and blended assets		621				640				608				546
Fixed income, including money market		138				139				143				130
		759				779				751				676
Total assets under management		$	1,628			$	1,671			$	1,612			$	1,470

^{(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-november-2021-301442158.html

SOURCE T. Rowe Price Group, Inc.

FAQ

What are TROW's assets under management as of November 2021?

As of November 30, 2021, T. Rowe Price Group reported preliminary assets under management of $1.63 trillion.

How much did TROW transfer from mutual funds in November 2021?

In November 2021, T. Rowe Price Group had client transfers from mutual funds totaling $1.1 billion.

What is the total client transfer for TROW year-to-date in 2021?

T. Rowe Price Group's total client transfers year-to-date reached $22.6 billion.

How much did TROW clients transfer to target-date retirement trusts in November 2021?

Clients transferred $0.7 billion to target-date retirement trusts during November 2021.