BALTIMORE, Aug. 12, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.28 trillion as of July 31, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.6 billion in July 2020 and $9.4 billion for the year-to-date period ended July 31, 2020. These client transfers include $0.5 billion and $6.6 billion, respectively, transferred to the target-date retirement trusts during July and the year-to-date period.
The firm's assets under management as of July 31, 2020, and for the prior quarter- and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:
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As of
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|
|
Preliminary(a)
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|
|
|
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(in billions)
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|
7/31/2020
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6/30/2020
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|
12/31/2019
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U.S. mutual funds
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|
|
|
|
|
|
Equity
|
|
$
|
432
|
|
$
|
407
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|
$
|
407
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Fixed income, including money market
|
|
77
|
|
76
|
|
|
74
|
Multi-asset(b)
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|
195
|
|
188
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|
|
202
|
|
|
704
|
|
671
|
|
|
683
|
Subadvised and separate accounts and other investment products
|
|
|
|
|
|
|
Equity
|
|
331
|
|
312
|
|
|
292
|
Fixed income, including money market
|
|
81
|
|
77
|
|
|
74
|
Multi-asset(b)
|
|
166
|
|
160
|
|
|
158
|
|
|
578
|
|
549
|
|
|
524
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Total assets under management
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|
$
|
1,282
|
|
$
|
1,220
|
|
$
|
1,207
|
|
|
|
|
|
|
|
|
|
|
|
Target date retirement products
|
|
$
|
295
|
|
$
|
284
|
|
$
|
292
|
|
|
(a)
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Preliminary - subject to adjustment
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(b)
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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.
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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)
|
|
7/31/2020
|
|
6/30/2020
|
|
12/31/2019
|
U.S. mutual funds
|
|
|
|
|
|
|
Equity and blended assets
|
|
$
|
575
|
|
|
$
|
544
|
|
|
$
|
553
|
|
Fixed income, including money market
|
|
129
|
|
|
127
|
|
|
130
|
|
|
|
704
|
|
|
671
|
|
|
683
|
|
Subadvised and separate accounts and other investment products
|
|
|
|
|
|
|
Equity and blended assets
|
|
460
|
|
|
435
|
|
|
412
|
|
Fixed income, including money market
|
|
118
|
|
|
114
|
|
|
112
|
|
|
|
578
|
|
|
549
|
|
|
524
|
|
Total assets under management
|
|
$
|
1,282
|
|
|
$
|
1,220
|
|
|
$
|
1,207
|
|
|
|
(a)
|
Preliminary - subject to adjustment
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View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-july-2020-301110898.html
SOURCE T. Rowe Price Group, Inc.
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