BALTIMORE , Oct. 12, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.31 trillion as of September 30, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.5 billion in September 2020 , and $2.4 billion for the quarter-ended September 30, 2020. This brings total client transfers for the year-to-date period ended September 30, 2020, to $11.2 billion . These client transfers include $0.1 billion , $1.6 billion and $7.7 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, 2020, 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:
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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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9/30/2020
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8/31/2020
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6/30/2020
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12/31/2019
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U.S. mutual funds
|
|
|
|
|
|
|
|
|
Equity
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|
$
|
442
|
|
|
$
|
456
|
|
|
$
|
407
|
|
|
$
|
407
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|
Fixed income, including money market
|
|
78
|
|
|
77
|
|
|
76
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|
|
74
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|
Multi-asset (b)
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|
196
|
|
|
202
|
|
|
188
|
|
|
202
|
|
|
|
716
|
|
|
735
|
|
|
671
|
|
|
683
|
|
Subadvised and separate accounts and other investment products
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|
|
|
|
|
|
|
|
Equity
|
|
344
|
|
|
353
|
|
|
312
|
|
|
292
|
|
Fixed income, including money market
|
|
83
|
|
|
83
|
|
|
77
|
|
|
74
|
|
Multi-asset (b)
|
|
167
|
|
|
172
|
|
|
160
|
|
|
158
|
|
|
|
594
|
|
|
608
|
|
|
549
|
|
|
524
|
|
Total assets under management
|
|
$
|
1,310
|
|
|
$
|
1,343
|
|
|
$
|
1,220
|
|
|
$
|
1,207
|
|
|
|
|
Target date retirement products
|
|
$
|
297
|
|
|
$
|
3005
|
|
|
$
|
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.
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As of
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|
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Preliminary (a)
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|
|
|
|
|
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(in billions)
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|
9/30/2020
|
|
8/31/2020
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|
6/30/2020
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|
12/31/2019
|
U.S. mutual funds
|
|
|
|
|
|
|
|
|
Equity and blended assets
|
|
$
|
587
|
|
|
$
|
606
|
|
|
$
|
544
|
|
|
$
|
553
|
|
Fixed income, including money market
|
|
129
|
|
|
129
|
|
|
127
|
|
|
130
|
|
|
|
716
|
|
|
735
|
|
|
671
|
|
|
683
|
|
Subadvised and separate accounts and other investment products
|
|
|
|
|
|
|
|
|
Equity and blended assets
|
|
473
|
|
|
487
|
|
|
435
|
|
|
412
|
|
Fixed income, including money market
|
|
121
|
|
|
121
|
|
|
114
|
|
|
112
|
|
|
|
594
|
|
|
608
|
|
|
549
|
|
|
524
|
|
Total assets under management
|
|
$
|
1,310
|
|
|
$
|
1,343
|
|
|
$
|
1,220
|
|
|
$
|
1,207
|
|
|
|
(a)
|
Preliminary - subject to adjustment
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SOURCE T. Rowe Price Group, Inc.