VRTS - Virtus Investment Partners Reports Preliminary June 30 2024 Assets Under Management
Virtus Investment Partners, Inc. (NYSE: VRTS) today reported preliminary assets under management (AUM) of $173.6 billion and other fee earning assets of $2.6 billion for total client assets of $176.2 billion as of June 30, 2024. The decrease in AUM from March 31, 2024 primarily reflects market performance and net outflows due to institutional accounts and open-end funds, partially offset by positive net flows in retail separate accounts. Preliminary average AUM for the quarter was $175.2 billion.
| Assets Under Management (unaudited) |
| ($ in millions) |
|
|
|
|
|
|
|
|
|
|
|
|
| By Product Type: |
| June 30, 2024 |
|
|
| May 31, 2024 |
|
|
| March 31, 2024 |
| Open-End Funds (1) |
| $ |
| 55,852 |
|
|
| $ |
| 56,170 |
|
|
| $ |
| 57,818 |
| Closed-End Funds |
|
|
| 9,915 |
|
|
|
|
| 10,002 |
|
|
|
|
| 10,064 |
| Retail Separate Accounts (2) |
|
|
| 45,672 |
|
|
|
|
| 45,605 |
|
|
|
|
| 46,816 |
| Institutional Accounts (3) |
|
|
| 62,146 |
|
|
|
|
| 61,548 |
|
|
|
|
| 64,613 |
| Total Assets Under Management |
| $ |
| 173,585 |
|
|
| $ |
| 173,325 |
|
|
| $ |
| 179,311 |
|
|
|
|
|
|
|
|
|
|
|
|
| By Asset Class: |
| June 30, 2024 |
|
|
| May 31, 2024 |
|
|
| March 31, 2024 |
| Equity |
| $ |
| 99,224 |
|
|
| $ |
| 98,353 |
|
|
| $ |
| 103,501 |
| Fixed Income |
|
|
| 36,970 |
|
|
|
|
| 36,758 |
|
|
|
|
| 37,037 |
| Multi-Asset (4) |
|
|
| 21,060 |
|
|
|
|
| 21,578 |
|
|
|
|
| 21,975 |
| Alternatives (5) |
|
|
| 16,331 |
|
|
|
|
| 16,636 |
|
|
|
|
| 16,798 |
| Total Assets Under Management |
| $ |
| 173,585 |
|
|
| $ |
| 173,325 |
|
|
| $ |
| 179,311 |
| (1) Represents assets under management of U.S. retail funds, global funds, exchange-traded funds, and variable insurance funds |
| (2) Includes strategies for which investment models are provided to managed account sponsors |
| (3) Represents assets under management of institutional separate and commingled accounts including structured products |
| (4) Consists of multi-asset offerings not included in equity, fixed income, and alternatives |
| (5) Consists of managed futures, event-driven, real estate securities, infrastructure, long/short, and other strategies |
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NYSE: 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/20240711459069/en/
Sean Rourke
(860) 263-4709
sean.rourke@virtus.com