Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $168.3 billion as of June 30, 2023. The increase from March 31, 2023 primarily reflected the addition of $7.8 billion of assets from the acquisition of AlphaSimplex Group, LLC, market appreciation, and institutional net inflows, partially offset by net outflows in open-end funds. In addition, the company provided services to $2.6 billion of other fee-earning assets, which are not included in assets under management.
Assets Under Management (unaudited) | ||||||||
($ in millions) | ||||||||
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By Product Type: | June 30, 2023 |
| May 31, 2023 |
| March 31, 2023 | |||
Open-End Funds (1) | $ | 56,828 |
| $ | 55,038 |
| $ | 53,865 |
Closed-End Funds |
| 10,166 |
|
| 9,965 |
|
| 10,358 |
Retail Separate Accounts |
| 38,992 |
|
| 36,622 |
|
| 37,397 |
Institutional Accounts (2) |
| 62,330 |
|
| 59,282 |
|
| 53,229 |
Total | $ | 168,316 |
| $ | 160,907 |
| $ | 154,849 |
(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 .
View source version on businesswire.com: https://www.businesswire.com/news/home/20230712220445/en/
Sean Rourke
(860) 263-4709
sean.rourke@virtus.com