T. ROWE PRICE GROUP INC. 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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SOURCE T. Rowe Price Group, Inc.
