HARTFORD, Conn., Oct. 11, 2022 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $145.0 billion as of September 30, 2022. The decrease from June 30, 2022 primarily reflected market depreciation and net outflows in open-end funds, institutional accounts and retail separate accounts, partially offset by positive net flows in closed-end funds. 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) |
|
|
|
|
|
|
By Product Type: | September 30, 2022 |
| August 31, 2022 |
| June 30, 2022 |
Open-End Funds (1) | $ 54,454 |
| $ 59,895 |
| $ 59,479 |
Closed-End Funds | 10,146 |
| 10,999 |
| 10,645 |
Retail Separate Accounts | 33,381 |
| 36,108 |
| 35,248 |
Institutional Accounts (2) | 46,993 |
| 50,767 |
| 50,048 |
Total | $ 144,974 |
| $ 157,769 |
| $ 155,420 |
(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.