BALTIMORE, July 13, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.62 trillion as of June 30, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.8 billion in June 2021, and $9.2 billion for the quarter-ended June 30, 2021.  This brings total client transfers for the year-to-date period ended June 30, 2021, to $14.8 billion. These client transfers include $0.6 billion, $5.9 billion and $10.8 billion, respectively, transferred to the target-date retirement trusts during the June, second quarter, and year-to-date periods.

The firm's assets under management as of June 30, 2021, 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:



As of



Preliminary(a)







(in billions)


6/30/2021


5/31/2021


3/31/2021


12/31/2020

U.S. mutual funds









 Equity


$

551



$

535



$

512



$

498


 Fixed income, including money market


86



86



82



79


 Multi-asset(b)


229



229



222



217




866



850



816



794


Subadvised and separate accounts and other
investment products









 Equity


435



425



406



397


 Fixed income, including money market


92



92



90



89


 Multi-asset(b)


230



226



206



190




757



743



702



676


Total assets under management


$

1,623



$

1,593



$

1,518



$

1,470



Target date retirement products


$

379



$

376



$

352



$

332




(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)


6/30/2021


5/31/2021


3/31/2021


12/31/2020

U.S. mutual funds









 Equity and blended assets


$

719



$

705



$

677



$

661


 Fixed income, including money market


147



145



139



133




866



850



816



794


Subadvised and separate accounts and other
investment products









 Equity and blended assets


615



602



568



546


 Fixed income, including money market


142



141



134



130




757



743



702



676


Total assets under management


$

1,623



$

1,593



$

1,518



$

1,470



(a) Preliminary - subject to adjustment

 

 

Cision View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-june-2021-301332541.html

SOURCE T. Rowe Price Group, Inc.

Copyright 2021 PR Newswire

T Rowe Price (NASDAQ:TROW)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more T Rowe Price Charts.
T Rowe Price (NASDAQ:TROW)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more T Rowe Price Charts.