Company Website:
https://www.virtus.com/#product.all/class.all
HARTFORD, Conn. -- (Business Wire)
Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $172.3 billion as of December 31, 2023. The increase from September 30, 2023 primarily reflects market performance and net inflows in retail separate accounts, partially offset by net outflows in open-end funds and institutional accounts. In addition, the company provided services to $2.6 billion of other fee-earning assets, which are not included in assets under management.
Assets Under Management (unaudited) |
($ in millions)
|
|
|
|
|
|
|
By Product Type: | December 31, 2023 |
| November 30, 2023 |
| September 30, 2023 |
Open-End Funds (1)
|
$
|
56,062
|
|
$
|
54,392
|
|
$
|
54,145
|
Closed-End Funds
|
|
10,026
|
|
|
9,810
|
|
|
9,472
|
Retail Separate Accounts
|
|
43,202
|
|
|
39,903
|
|
|
38,665
|
Institutional Accounts (2)
|
|
62,969
|
|
|
61,406
|
|
|
60,257
|
Total |
$
|
172,259
|
|
$
|
165,511
|
|
$
|
162,539
|
|
|
|
|
|
|
By Asset Class: | December 31, 2023 |
| November 30, 2023 |
| September 30, 2023 |
Equity
|
$
|
96,703
|
|
$
|
90,862
|
|
$
|
87,984
|
Fixed Income
|
|
37,192
|
|
|
37,109
|
|
|
37,352
|
Multi-Asset (3)
|
|
21,411
|
|
|
20,661
|
|
|
19,937
|
Alternatives (4)
|
|
16,953
|
|
|
16,879
|
|
|
17,266
|
Total |
$
|
172,259
|
|
$
|
165,511
|
|
$
|
162,539
|
(1)
| | |
Represents assets under management of U.S. retail funds, global funds, exchange-traded funds, and variable insurance funds
|
(2)
| | |
Represents assets under management of institutional separate and commingled accounts including structured products
|
(3)
| | |
Consists of strategies and client accounts with substantial holdings in at least two of the following asset classes: equity, fixed income, and alternatives
|
(4)
| | |
Consists of managed futures, event-driven, real estate securities, infrastructure, long/short, and other strategies
|
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. We provide investment management products and services from our affiliated managers, each with a distinct investment style and autonomous investment process, as well as select subadvisers. Investment solutions are available across multiple disciplines and product types to meet a wide array of investor needs. Additional information about our firm, investment partners, and strategies is available at virtus.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240110486502/en/
Contacts:
Sean Rourke
(860) 263-4709
sean.rourke@virtus.com
Source: Virtus Investment Partners
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