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T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For July 2020

·2 mins read

BALTIMORE, Aug. 12, 2020 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.28 trillion as of July 31, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.6 billion in July 2020 and $9.4 billion for the year-to-date period ended July 31, 2020. These client transfers include $0.5 billion and $6.6 billion, respectively, transferred to the target-date retirement trusts during July and the year-to-date period.

The firm's assets under management as of July 31, 2020, and for the prior 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)


7/31/2020


6/30/2020


12/31/2019

U.S. mutual funds







Equity


$

432


$

407


$

407

Fixed income, including money market


77


76



74

Multi-asset(b)


195


188



202



704


671



683

Subadvised and separate accounts and other investment products







Equity


331


312



292

Fixed income, including money market


81


77



74

Multi-asset(b)


166


160



158



578


549



524

Total assets under management


$

1,282


$

1,220


$

1,207












Target date retirement products


$

295


$

284


$

292



(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)


7/31/2020


6/30/2020


12/31/2019

U.S. mutual funds







Equity and blended assets


$

575



$

544



$

553


Fixed income, including money market


129



127



130




704



671



683


Subadvised and separate accounts and other investment products







Equity and blended assets


460



435



412


Fixed income, including money market


118



114



112




578



549



524


Total assets under management


$

1,282



$

1,220



$

1,207




(a)

Preliminary - subject to adjustment

Cision
Cision

View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-july-2020-301110898.html

SOURCE T. Rowe Price Group, Inc.