BALTIMORE, Feb. 10, 2022 /PRNewswire/ -- T. Rowe Price
Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end
assets under management of $1.58
trillion as of January 31, 2022. Client transfers from
mutual funds to other portfolios, including trusts and separate
accounts, were $2.2 billion in
January 2022. These client transfers
include $1.9 billion transferred to
the target-date retirement trusts during January.
The following table shows the firm's assets under management as
of January 31, 2022, and for the prior year-end, by investment
vehicle, asset class, and in the firm's target date retirement
portfolios. The fee-basis assets under management, acquired through
the Oak Hill Advisors, L.P. (OHA) acquisition completed on
December 29, 2021, have been
reflected in the asset classes noted below.
|
|
As of
|
|
|
Preliminary(a)
|
|
|
(in
billions)
|
|
1/31/2022
|
|
12/31/2021(b)
|
U.S. mutual
funds
|
|
|
|
|
Equity
|
|
$
|
503
|
|
$
|
554
|
Fixed income,
including money market
|
|
85
|
|
85
|
Multi-asset(c)
|
|
221
|
|
232
|
|
|
809
|
|
871
|
Subadvised and
separate accounts and other investment products
|
|
|
|
|
Equity
|
|
399
|
|
439
|
Fixed income,
including money market
|
|
90
|
|
90
|
Multi-asset(c)
|
|
238
|
|
246
|
Alternatives
|
|
42
|
|
42
|
|
|
769
|
|
817
|
Total assets under
management
|
|
$
|
1,578
|
|
$
|
1,688
|
|
Target date
retirement products
|
|
$
|
376
|
|
$
|
391
|
|
|
(a)
|
Preliminary - subject
to adjustment
|
(b)
|
Certain 12/31/2021
figures, including the $47 billion in fee-basis assets under
management acquired through the OHA acquisition, have been
reclassified to conform with the current month's
presentation.
|
(c)
|
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. The fee-basis assets under
management, acquired through the Oak Hill Advisors, L.P. (OHA)
acquisition completed on December 29,
2021, have been reflected in the asset classes noted
below.
|
|
As of
|
|
|
Preliminary(a)
|
|
|
(in
billions)
|
|
1/31/2022
|
|
12/31/2021(b)
|
U.S. mutual
funds
|
|
|
|
|
Equity and
blended assets
|
|
$
|
663
|
|
$
|
724
|
Fixed income,
including money market
|
|
146
|
|
147
|
|
|
809
|
|
871
|
Subadvised and
separate accounts and other investment products
|
|
|
|
|
Equity and
blended assets
|
|
584
|
|
632
|
Fixed income,
including money market
|
|
143
|
|
143
|
Alternatives
|
|
42
|
|
42
|
|
|
769
|
|
817
|
Total assets under
management
|
|
$
|
1,578
|
|
$
|
1,688
|
|
|
(a)
|
Preliminary - subject
to adjustment
|
(b)
|
Certain 12/31/2021
figures, including the $47 billion in fee-basis assets under
management acquired through the OHA acquisition, have been
reclassified to conform with the current month's
presentation.
|
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content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-january-2022-301479734.html
SOURCE T. Rowe Price Group, Inc.