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

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BALTIMORE, Jan. 13, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.47 trillion as of December 31, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.0 billion in December 2020, and $2.5 billion for the fourth quarter of 2020. This brings total client transfers for 2020 to $13.7 billion. These client transfers include $0.4 billion in December, $0.9 billion in the fourth quarter, and $8.6 billion in 2020, transferred to the target-date retirement trusts.

The firm's assets under management as of December 31, 2020, 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)

12/31/2020


11/30/2020


9/30/2020


12/31/2019

U.S. mutual funds








 Equity

$

498



$

481



$

442



$

407


 Fixed income, including money market

79



79



78



74


 Multi-asset(b)

217



211



196



202



794



771



716



683


Subadvised and separate accounts and other investment products








 Equity

397



380



344



292


 Fixed income, including money market

89



88



83



74


 Multi-asset(b)

190



181



167



158



676



649



594



524


Total assets under management

$

1,470



$

1,420



$

1,310



$

1,207




Target date retirement products

$

332



$

320



$

297



$

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)

12/31/2020


11/30/2020


9/30/2020


12/31/2019

U.S. mutual funds








 Equity and blended assets

$

661



$

640



$

587



$

553


 Fixed income, including money market

133



131



129



130



794



771



716



683


Subadvised and separate accounts and other investment products








 Equity and blended assets

546



523



473



412


 Fixed income, including money market

130



126



121



112



676



649



594



524


Total assets under management

$

1,470



$

1,420



$

1,310



$

1,207




(a)

Preliminary - subject to adjustment

 

Cision View original content:http://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-december-2020-301207524.html

SOURCE T. Rowe Price Group, Inc.

T. Rowe Price Group Inc.

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About TROW

t. rowe price (trow) is an independent investment management firm with an unyielding focus on helping investors around the world achieve their long-term goals. headquartered in baltimore, we provide a broad array of mutual funds, subadvisory services, separate account management, and related services for individuals, institutions, retirement plan sponsors, and financial intermediaries. our approach to managing investments is rooted in our own fundamental research, distinguished by discipline, and carried out by experienced professionals. the investment products (including the t. rowe price mutual funds) or services referred to on this profile may be offered only to persons in the united states. this profile should not be considered a solicitation or offering of any investment products or services to investors residing outside the united states t. rowe price investment services, inc.