PRESS RELEASE: T. Rowe Price Group Reports Preliminary Month-End Assets Under Management for February 2022
March 09, 2022
Share
NEWS RELEASE
ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR FEBRUARY 2022
BALTIMORE (March 10, 2022) - 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
Preliminary - subject to adjustment
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.
###
T. ROWE PRICE CONTACTS:
Public Relations
Investor Relations
Brian Lewbart
Linsley Carruth
410-345-2242
410-345-3717
brian.lewbart@troweprice.com
linsley.carruth@troweprice.com
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
Attachments
Original Link
Original Document
Permalink
Disclaimer
T. Rowe Price Group Inc. published this content on 10 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2022 23:09:06 UTC.
T. Rowe Price Group, Inc. is an investment management company that provides investment advisory services to individual and institutional investors, retirement plans, and financial intermediaries. The group manages a broad range of American and international stock, blended asset, bond, and money market mutual funds and other investment portfolios.
T. Rowe Price Group also provides investment advisory clients with related administrative services, including mutual fund transfer agent, accounting and shareholder services, participant recordkeeping and transfer agent services for defined contribution retirement plans, discount brokerage, and trust services.
At the end of 2023, the group had USD 1,444.5 billion in assets under management.