PR Newswire
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) | |||||
| | | | | |
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 .
SOURCE Virtus Investment Partners, Inc.