T. Rowe Price reports preliminary month-end AUM $1.34T

T. Rowe Price Group reported preliminary month-end assets under management of $1.34T as of November 30, 2022. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.7B in November 2022 and $1.4B for the quarter-to-date period ended November 30, 2022. This brings total client transfers for the year-to-date period ended November 30, 2022, to $11.7B. These client transfers include $0.5B, $1.1B, and $8.2B, respectively, transferred to the target date retirement trusts during the November, quarter-to-date, and year-to-date periods.