VRTS - Virtus Investment Partners Reports Preliminary March 31 2023 Assets Under Management
Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $154.8 billion as of March 31, 2023. The increase from December 31, 2022 primarily reflected market appreciation 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 $2.6 billion of other fee-earning assets, which are not included in assets under management.
| Assets Under Management 1 (unaudited) |
| ($ in millions) |
|
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| By Product Type: |
| March 31, 2023 |
|
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| February 28, 2023 |
|
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| December 31, 2022 |
| Open-End Funds (2) |
| $ |
| 53,865 |
|
|
| $ |
| 54,261 |
|
|
| $ |
| 53,000 |
| Closed-End Funds |
|
|
| 10,358 |
|
|
|
|
| 10,266 |
|
|
|
|
| 10,361 |
| Retail Separate Accounts |
|
|
| 37,397 |
|
|
|
|
| 37,743 |
|
|
|
|
| 35,352 |
| Institutional Accounts (3) |
|
|
| 53,229 |
|
|
|
|
| 51,998 |
|
|
|
|
| 50,663 |
| Total (1) |
| $ |
| 154,849 |
|
|
| $ |
| 154,268 |
|
|
| $ |
| 149,376 |
| (1) |
| Excludes AUM of AlphaSimplex, which the company acquired on April 1, 2023 |
| (2) |
| Represents assets under management of U.S. retail funds, global funds, exchange traded funds, and variable insurance funds |
| (3) |
| 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 .
View source version on businesswire.com: https://www.businesswire.com/news/home/20230412005699/en/
Sean Rourke
(860) 263-4709
sean.rourke@virtus.com