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

Rhea-AI Summary

T. Rowe Price Group reported preliminary assets under management of $1.31 trillion as of June 30, 2022. In June, client transfers from mutual funds amounted to $1.2 billion, totaling $2.9 billion for the quarter, and $7.0 billion year-to-date. Significant transfers included $1.0 billion to target date retirement trusts. The report highlights a decline in assets under management in various segments, with equity funds decreasing from $424 billion in May to $391 billion in June.

Positive

• Preliminary assets under management of $1.31 trillion as of June 30, 2022.
• Client transfers totaled $2.9 billion for the quarter.

Negative

• Decline in equity mutual fund assets from $424 billion in May to $391 billion in June 2022.
• Overall assets under management decreased from $1.40 trillion in May to $1.31 trillion in June 2022.

BALTIMORE, July 13, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.31 trillion as of June 30, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.2 billion in June 2022, and $2.9 billion for the quarter ended June 30, 2022. This brings total client transfers for the year-to-date period ended June 30, 2022, to $7.0 billion. These client transfers include $1.0 billion, $1.6 billion, and $4.9 billion, respectively, transferred to the target date retirement trusts during the June, second quarter, and year-to-date periods.

The following table shows the firm's assets under management as of June 30, 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)		6/30/2022		5/31/2022		3/31/2022		12/31/2021
U.S. mutual funds
Equity		$              391		$            424		$          489		$            554
Fixed income, including money market		79		81		84		85
Multi-asset(b)		187		202		217		232
		657		707		790		871
Subadvised and separate accounts and other investment products
Equity		309		336		389		439
Fixed income, including money market		92		92		91		90
Multi-asset(b)		209		224		240		246
Alternatives		43		42		42		42
		653		694		762		817
Total assets under management		$           1,310		$         1,401		$        1,552		$          1,688
Target date retirement products		$            327		$            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)		6/30/2022		5/31/2022		3/31/2022		12/31/2021
U.S. mutual funds
Equity and blended assets		$            524		$            569		$          647		$            724
Fixed income, including money market		133		138		143		147
		657		707		790		871
Subadvised and separate accounts and other investment products
Equity and blended assets		470		510		577		632
Fixed income, including money market		140		142		143		143
Alternatives		43		42		42		42
		653		694		762		817
Total assets under management		$          1,310		$          1,401		$        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-june-2022-301585745.html

SOURCE T. Rowe Price Group, Inc.

FAQ

What were TROW's assets under management as of June 2022?

T. Rowe Price reported assets under management of $1.31 trillion as of June 30, 2022.

How much did TROW clients transfer in June 2022?

Client transfers from mutual funds to other portfolios totaled $1.2 billion in June 2022.

What were the total client transfers for TROW year-to-date by June 2022?

Total client transfers for TROW year-to-date were $7.0 billion as of June 30, 2022.

Did TROW's equity fund assets increase or decrease in June 2022?

T. Rowe Price's equity fund assets decreased from $424 billion in May to $391 billion in June 2022.

What was the quarterly client transfer amount for TROW for the quarter ended June 30, 2022?

The quarterly client transfer amount for TROW for the quarter ended June 30, 2022, was $2.9 billion.