BALTIMORE, Aug. 10, 2022 /PRNewswire/ — T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.39 trillion as of July 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.5 billion in July 2022 and $8.5 billion for the year-to-date period ended July 31, 2022. These client transfers include $0.8 billion and $5.7 billion, respectively, transferred to the target date retirement trusts during July and the year-to-date period.
The following table shows the firm’s assets under management as of July 31, 2022, and for the prior 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) |
7/31/2022 |
6/30/2022 |
12/31/2021 |
|||
|
U.S. mutual funds |
||||||
|
Equity |
$ 423 |
$ 391 |
$ 554 |
|||
|
Fixed income, including money market |
79 |
79 |
85 |
|||
|
Multi-asset(b) |
197 |
187 |
232 |
|||
|
699 |
657 |
871 |
||||
|
Subadvised and separate accounts and other investment products |
||||||
|
Equity |
329 |
309 |
439 |
|||
|
Fixed income, including money market |
94 |
92 |
90 |
|||
|
Multi-asset(b) |
224 |
209 |
246 |
|||
|
Alternatives |
43 |
43 |
42 |
|||
|
690 |
653 |
817 |
||||
|
Total assets under management |
$ 1,389 |
$ 1,310 |
$ 1,688 |
|||
|
Target date retirement products |
$ 348 |
$ 327 |
$ 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) |
7/31/2022 |
6/30/2022 |
12/31/2021 |
|||
|
U.S. mutual funds |
||||||
|
Equity and blended assets |
$ 565 |
$ 524 |
$ 724 |
|||
|
Fixed income, including money market |
134 |
133 |
147 |
|||
|
699 |
657 |
871 |
||||
|
Subadvised and separate accounts and other investment products |
||||||
|
Equity and blended assets |
503 |
470 |
632 |
|||
|
Fixed income, including money market |
144 |
140 |
143 |
|||
|
Alternatives |
43 |
43 |
42 |
|||
|
690 |
653 |
817 |
||||
|
Total assets under management |
$ 1,389 |
$ 1,310 |
$ 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-july-2022-301603449.html
SOURCE T. Rowe Price Group, Inc.
