HARTFORD, Conn., Jan. 11, 2023 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $149.4 billion as of December 31, 2022. The increase from September 30, 2022 primarily reflected market appreciation and net inflows in institutional accounts, partially offset by net outflows in open-end funds and retail separate accounts. In addition, the company provided services to $2.5 billion of other fee-earning assets, which are not included in assets under management.
Assets Under Management (unaudited) |
($ in millions) |
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|
|
|
|
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By Product Type: | December 31, 2022 |
| November 30, 2022 |
| September 30, 2022 |
Open-End Funds (1) | $ 53,000 |
| $ 56,744 |
| $ 54,454 |
Closed-End Funds | 10,361 |
| 10,812 |
| 10,146 |
Retail Separate Accounts | 35,352 |
| 36,919 |
| 33,381 |
Institutional Accounts (2) | 50,663 |
| 52,698 |
| 46,993 |
Total | $ 149,376 |
| $ 157,173 |
| $ 144,974 |
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(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 |
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.
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SOURCE Virtus Investment Partners, Inc.