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

Rhea-AI Summary

T. Rowe Price Group reported preliminary month-end assets under management of $1.55 trillion as of March 31, 2022. Client transfers from mutual funds to other portfolios totaled $0.5 billion in March and $4.1 billion for the quarter. Notably, $0.5 billion and $3.3 billion were transferred to target date retirement trusts in March and for the quarter respectively. The total assets under management decreased from $1.688 trillion at the end of December 2021 and $1.540 trillion at the end of February 2022, indicating a slight decline.

Positive

• Total assets under management at $1.55 trillion as of March 31, 2022.
• Client transfers of $4.1 billion for Q1 2022 indicate ongoing client engagement.

Negative

• Decrease in total assets under management from $1.688 trillion in December 2021.
• Decline in assets compared to $1.540 trillion at February 2022 end.

BALTIMORE, April 12, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.55 trillion as of March 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.5 billion in March 2022 and $4.1 billion for the quarter ended March 31, 2022. These client transfers include $0.5 billion and $3.3 billion, respectively, transferred to the target date retirement trusts during March and the quarter-to-date period.

The following table shows the firm's assets under management as of March 31, 2022, and for the prior month- and year-end by investment vehicle, by asset class, and in the firm's target date retirement portfolios.

		As of
		Preliminary(a)
(in billions)		3/31/2022		2/28/2022		12/31/2021
U.S. mutual funds
Equity		$            489		$            486		$            554
Fixed income, including money market		84		85		85
Multi-asset(b)		217		216		232
		790		787		871
Subadvised and separate accounts and other investment products
Equity		389		385		439
Fixed income, including money market		91		91		90
Multi-asset(b)		240		235		246
Alternatives		42		42		42
		762		753		817
Total assets under management		$         1,552		$         1,540		$         1,688
Target date retirement products		$            375		$            369		$            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)		3/31/2022		2/28/2022		12/31/2021
U.S. mutual funds
Equity and blended assets		$            647		$            642		$            724
Fixed income, including money market		143		145		147
		790		787		871
Subadvised and separate accounts and other investment products
Equity and blended assets		577		568		632
Fixed income, including money market		143		143		143
Alternatives		42		42		42
		762		753		817
Total assets under management		$         1,552		$         1,540		$         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-march-2022-301523398.html

SOURCE T. Rowe Price Group, Inc.

FAQ

What is T. Rowe Price's assets under management as of March 2022?

T. Rowe Price's assets under management were reported at $1.55 trillion as of March 31, 2022.

How much client transfer occurred in March 2022 for T. Rowe Price?

Client transfers from mutual funds to other portfolios totaled $0.5 billion in March 2022.

What were the total client transfers for T. Rowe Price in Q1 2022?

Total client transfers for T. Rowe Price in Q1 2022 amounted to $4.1 billion.

What was the trend in T. Rowe Price's total assets under management from December 2021 to March 2022?

Total assets under management decreased from $1.688 trillion in December 2021 to $1.55 trillion in March 2022.

How did transfers to target date retirement trusts perform in March 2022 for T. Rowe Price?

T. Rowe Price saw $0.5 billion transferred to target date retirement trusts in March 2022.