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

Rhea-AI Summary

T. Rowe Price Group reported preliminary month-end assets under management of $1.61 trillion as of September 30, 2021. Client transfers totaled $1.2 billion for September and $3.6 billion for the quarter, bringing year-to-date transfers to $18.4 billion. The firm noted significant transfers to target-date retirement trusts, amounting to $12.7 billion year-to-date. The breakdown by investment vehicle indicates a decrease in U.S. mutual fund equity from $573 billion in August to $546 billion in September.

Positive

• Preliminary AUM reached $1.61 trillion, reflecting strong asset retention.
• Significant client transfers of $18.4 billion year-to-date indicate robust investor engagements.

Negative

• U.S. mutual fund equity decreased from $573 billion in August to $546 billion in September, showing potential outflows.

BALTIMORE, Oct. 12, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.61 trillion as of September 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.2 billion in September 2021, and $3.6 billion for the quarter-ended September 30, 2021. This brings total client transfers for the year-to-date period ended September 30, 2021, to $18.4 billion. These client transfers include $0.4 billion, $1.9 billion and $12.7 billion, respectively, transferred to the target-date retirement trusts during the September, quarter-to-date, and year-to-date periods.

The firm's assets under management as of September 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 are as follows:

		As of
		Preliminary(a)
(in billions)		9/30/2021				8/31/2021				6/30/2021				12/31/2020
U.S. mutual funds
Equity		$	546			$	573			$	551			$	498
Fixed income, including money market		88				88				86				79
Multi-asset(b)		227				234				229				217
		861				895				866				794
Subadvised and separate accounts and other investment products
Equity		428				449				435				397
Fixed income, including money market		93				94				92				89
Multi-asset(b)		230				237				230				190
		751				780				757				676
Total assets under management		$	1,612			$	1,675			$	1,623			$	1,470
Target date retirement products		$	378			$	390			$	379			$	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)		9/30/2021				8/31/2021				6/30/2021				12/31/2020
U.S. mutual funds
Equity and blended assets		$	711			$	746			$	719			$	661
Fixed income, including money market		150				149				147				133
		861				895				866				794
Subadvised and separate accounts and other investment products
Equity and blended assets		608				636				615				546
Fixed income, including money market		143				144				142				130
		751				780				757				676
Total assets under management		$	1,612			$	1,675			$	1,623			$	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-september-2021-301397969.html

SOURCE T. Rowe Price Group, Inc.

FAQ

What are the preliminary assets under management for TROW for September 2021?

T. Rowe Price reported preliminary assets under management of $1.61 trillion as of September 30, 2021.

How much did TROW transfer in September 2021?

T. Rowe Price reported client transfers of $1.2 billion in September 2021.

What are the total client transfers for TROW year-to-date?

Year-to-date client transfers for T. Rowe Price reached $18.4 billion as of September 30, 2021.

What was the change in U.S. mutual fund equity for TROW from August to September 2021?

U.S. mutual fund equity decreased from $573 billion in August to $546 billion in September 2021.

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

Clients transferred $12.7 billion to target-date retirement trusts year-to-date as of September 30, 2021.