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

Rhea-AI Summary

T. Rowe Price Group reported preliminary month-end assets under management of $1.54 trillion as of February 28, 2022. The firm experienced client transfers from mutual funds amounting to $1.4 billion in February 2022 and $3.6 billion for the quarter-to-date. Notably, $0.9 billion of the February transfers were to target-date retirement trusts. The firm also detailed its assets under management by investment vehicle and asset class, indicating a focus on client retention and portfolio diversification.

Positive

• Total assets under management increased to $1.54 trillion.
• Client transfers to target-date retirement trusts indicate confidence in long-term solutions.

Negative

• Client transfers from mutual funds suggest potential outflows affecting future revenue.

BALTIMORE, March 10, 2022 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.54 trillion as of February 28, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.4 billion in February 2022 and $3.6 billion for the quarter-to-date period ended February 28, 2022. These client transfers include $0.9 billion and $2.8 billion, respectively, transferred to the target-date retirement trusts during the February and year-to-date periods. 

The following table shows the firm's assets under management as of February 28, 2022, and for the prior month- and year-end by investment vehicle, asset class, and in the firm's target date retirement portfolios. 

			As of
	Preliminary(a)
(in billions)	2/28/2022		1/31/2022		12/31/2021
U.S. mutual funds
Equity	$	486	$	503	$	554
Fixed income, including money market	85		85		85
Multi-asset(b)	216		221		232
	787		809		871
Subadvised and separate accounts and other investment products
Equity	385		399		439
Fixed income, including money market	91		90		90
Multi-asset(b)	235		238		246
Alternatives	42		42		42
	753		769		817
Total assets under management	$	1,540	$	1,578	$			1,688
Target date retirement products	$	369	$	376	$			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)	2/28/2022		1/31/2022		12/31/2021
U.S. mutual funds
Equity and blended assets	$	642	$	663	$							724
Fixed income, including money market	145		146		147
	787		809		871
Subadvised and separate accounts and other investment products
Equity and blended assets	568		584		632
Fixed income, including money market	143		143		143
Alternatives	42		42		42
	753		769		817
Total assets under management	$	1,540	$	1,578	$							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-february-2022-301499881.html

SOURCE T. Rowe Price Group, Inc.

FAQ

What is TROW's assets under management as of February 2022?

T. Rowe Price reported assets under management of $1.54 trillion as of February 28, 2022.

How much client money was transferred from mutual funds in February 2022?

Client transfers from mutual funds amounted to $1.4 billion in February 2022.

What were the total client transfers for TROW for the quarter ended February 2022?

Total client transfers for TROW for the quarter-to-date period ended February 28, 2022, were $3.6 billion.

What amount of client transfers went to target-date retirement trusts in February 2022?

In February 2022, $0.9 billion was transferred to target-date retirement trusts.