T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.42 trillion as of November 30, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.4 billion in November 2020, and $1.5 billion for the quarter-to-date period ended November 30, 2020. This brings total client transfers for the year-to-date period ended November 30, 2020 ,to $12.7 billion. These client transfers include $0.5 billion and $8.2 billion, respectively, transferred to the target-date retirement trusts during the quarter-to-date and year-to-date periods. There were no transfers from mutual funds to the target-date retirement trusts in the month of November.
The firm's assets under management as of November 30, 2020, and for the prior month-,quarter-,and year-end, by investment vehicle, asset class, and in the firm’s target date retirement portfolios areas follows:
| As of | |||||
| Preliminary(a) | |||||
| (in billions) | 11/30/2020 | 10/31/2020 9/30/2020 | 12/31/2019 | ||
| U.S. mutual funds | |||||
| Equity | $ 481 | $ 436 $ 442 | $ 407 | ||
| Fixed income, including money market | 79 | 78 78 | 74 | ||
| Multi-asset(b) | 211 | 193 196 | 202 | ||
| 771 707 716 683 | |||||
| Sub advised and separate accounts and other invest ent products | |||||
| Equity | 380 | 342 | 344 | 292 | |
| Fixed income, including money market | 88 | 86 | 83 | 74 | |
| Multi-asset(b) 181 165 167 158 | |||||
| 649 593 594 524 | |||||
| Total assets under management | $ 1,420 $ | 1,300 | $ 1,310 | $ 1,207 | |
| Target date retirement products | $ 320 $ | 293 | $ 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 incomes | |||||
Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global investment management organization that provides a broad array of mutual funds, sub advisory 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.
