BALTIMORE , Dec. 10, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.42 trillion as of November 30, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.4 billion in November 2020 , and $1.5 billion for the quarter-to-date period ended November 30, 2020. This brings total client transfers for the year-to-date period ended November 30, 2020, to $12.7 billion . These client transfers include $0.5 billion and $8.2 billion , respectively, transferred to the target-date retirement trusts during the quarter-to-date and year-to-date periods. There were no transfers from mutual funds to the target-date retirement trusts in the month of November.
The firm's assets under management as of November 30, 2020, and for the prior month-, quarter-, and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:
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As of
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Preliminary (a)
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|
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|
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(in billions)
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11/30/2020
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10/31/2020
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9/30/2020
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12/31/2019
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U.S. mutual funds
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|
|
|
|
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Equity
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$
|
481
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|
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$
|
436
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$
|
442
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|
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$
|
407
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Fixed income, including money market
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79
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|
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78
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|
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78
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|
|
74
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|
|
Multi-asset (b)
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211
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|
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193
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|
|
196
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|
|
202
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|
|
|
771
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|
|
707
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|
|
716
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|
|
683
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|
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Subadvised and separate accounts and other investment products
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|
|
|
|
|
|
|
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Equity
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380
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|
|
342
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|
|
344
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|
|
292
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|
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Fixed income, including money market
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|
88
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|
|
86
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|
|
83
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|
|
74
|
|
|
Multi-asset (b)
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|
181
|
|
|
165
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|
|
167
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|
|
158
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|
|
|
649
|
|
|
593
|
|
|
594
|
|
|
524
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|
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Total assets under management
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$
|
1,420
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|
|
$
|
1,300
|
|
|
$
|
1,310
|
|
|
$
|
1,207
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|
|
Target date retirement products
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$
|
320
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|
|
$
|
293
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|
|
$
|
297
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|
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$
|
292
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(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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Preliminary (a)
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|
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(in billions)
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11/30/2020
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10/31/2020
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9/30/2020
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12/31/2019
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U.S. mutual funds
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|
|
|
|
|
|
|
|
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Equity and blended assets
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$
|
640
|
|
|
$
|
577
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|
|
$
|
587
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|
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$
|
553
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Fixed income, including money market
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|
131
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|
|
130
|
|
|
129
|
|
|
130
|
|
|
|
771
|
|
|
707
|
|
|
716
|
|
|
683
|
|
|
Subadvised and separate accounts and other investment products
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|
|
|
|
|
|
|
|
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Equity and blended assets
|
|
523
|
|
|
469
|
|
|
473
|
|
|
412
|
|
|
Fixed income, including money market
|
|
126
|
|
|
124
|
|
|
121
|
|
|
112
|
|
|
|
649
|
|
|
593
|
|
|
594
|
|
|
524
|
|
|
Total assets under management
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|
$
|
1,420
|
|
|
$
|
1,300
|
|
|
$
|
1,310
|
|
|
$
|
1,207
|
|
|
(a)
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Preliminary - subject to adjustment
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SOURCE T. Rowe Price Group, Inc.