T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.28 trillion as of October 31, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.7 billion in October 2022 and $11.0 billion for the year-to-date period ended October 31, 2022. These client transfers include $0.6 billion and $7.7 billion, respectively, transferred to the target date retirement trusts during October and the year-to-date period.
The following table shows the firm’s assets under management as of October 31, 2022, and for the prior quarter- and year-end by investment vehicle, by asset class, and in the firm’s target date retirement portfolios.
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As of |
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Preliminary(a) |
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|
(in billions) |
10/31/2022 |
9/30/2022 |
12/31/2021 |
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|
U.S. mutual funds |
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|
Equity |
$ 382 |
$ 365 |
$ 554 |
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|
Fixed income, including money market |
74 |
74 |
85 |
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|
Multi-asset(b) |
182 |
175 |
232 |
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|
638 |
614 |
871 |
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|
Subadvised and separate accounts and other investment products |
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|
Equity |
299 |
283 |
439 |
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|
Fixed income, including money market |
90 |
91 |
90 |
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|
Multi-asset(b) |
210 |
199 |
246 |
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|
Alternatives |
43 |
43 |
42 |
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|
642 |
616 |
817 |
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|
Total assets under management |
$ 1,280 |
$ 1,230 |
$ 1,688 |
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|
Target date retirement products |
$ 327 |
$ 311 |
$ 391 |
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(a) Preliminary – subject to adjustment |
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(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.
