T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For January 2021

February 10, 2021

2021_02_10_Jan 2021_AUM Final.pdf 144.5 KB

BALTIMORE, Feb. 10, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.46 trillion as of January 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $2.8 billion in January 2021. These client transfers include $2.5 billion transferred to the target-date retirement trusts during January.

The firm's assets under management as of January 31, 2021, and for the prior 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)	1/31/2021		12/31/2020
U.S. mutual funds
Equity	$	495	$	498
Fixed income, including money market	81		79
Multi-asset^(b)	214		217
	790		794

Subadvised and separate accounts and other investment products
Equity	392		397
Fixed income, including money market	89		89
Multi-asset^(b)	193		190
	674		676
Total assets under management	$	1,464	$	1,470

Target date retirement products	$	333	$	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)	1/31/2021		12/31/2020
U.S. mutual funds
Equity and blended assets	$	654	$	661
Fixed income, including money market	136		133
	790		794

Subadvised and separate accounts and other investment products
Equity and blended assets	542		546
Fixed income, including money market	132		130
	674		676
Total assets under management	$	1,464	$	1,470

^{(a) Preliminary - subject to adjustment}

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SOURCE T. Rowe Price Group, Inc.

Public Relations, Brian Lewbart, 410-345-2242, brian.lewbart@troweprice.com; or Investor Relations, Meghan Azevedo, 410-345-2756, meghan.azevedo@troweprice.com

Release Details

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For January 2021