T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR JANUARY 2022

Rhea-AI Summary

T. Rowe Price Group reported preliminary assets under management of $1.58 trillion as of January 31, 2022. This represents a decrease from $1.688 trillion at year-end 2021. In January, client transfers amounting to $2.2 billion were observed, including $1.9 billion to target-date retirement trusts. The report also reflects the impact of the Oak Hill Advisors acquisition completed on December 29, 2021, on the asset classes.

Positive

• Client transfers to target-date retirement trusts totaled $1.9 billion in January 2022.
• Preliminary AUM of $1.58 trillion reflects stable management capability.

Negative

• Decrease in total AUM from $1.688 trillion in December 2021 to $1.58 trillion in January 2022.
• Overall client transfers indicate potential outflows from mutual funds.

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.

 

View original content:https://www.prnewswire.com/news-releases/t-rowe-price-group-reports-preliminary-month-end-assets-under-management-for-january-2022-301479734.html

SOURCE T. Rowe Price Group, Inc.

FAQ

What are TROW's assets under management as of January 2022?

T. Rowe Price's assets under management are $1.58 trillion as of January 31, 2022.

How much did TROW experience in client transfers in January 2022?

Client transfers from mutual funds to other portfolios were $2.2 billion in January 2022.

What was the impact of the Oak Hill Advisors acquisition on TROW's assets?

The Oak Hill Advisors acquisition added fee-basis assets under management, impacting the asset classes.

How did target-date retirement trusts perform in January 2022 for TROW?

Target-date retirement trusts saw inflows of $1.9 billion in January 2022.