T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.52 trillion as of March 31, 2021. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.7 billion in March 2021 and $5.6 billion for the quarter-ended March 31, 2021. These client transfers include $1.3 billion and
$4.9 billion, respectively, transferred to the target-date retirement trusts during March and the quarter-to- date period.
The firm's assets under management as of March 31, 2021, and for the prior month - and year-end, by investment vehicle, asset class, and in the firm’s target date retirement portfolios are as follows:
|U.S. mutual funds|
|Fixed income, including money market||82||82||79|
|Subadvised and separate accounts and other investment products|
|Fixed income, including money market||90||90||89|
|Total assets under management||$||1,518||$||1,501||$||1,470|
|Target date retirement products||$||352||$||344||$||332|
- Preliminary - subject to adjustment
- 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
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.