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) | ||||||||
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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 |
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| 10,002 |
|
| 10,064 |
Retail Separate Accounts (2) |
| 45,672 |
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| 45,605 |
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| 46,816 |
Institutional Accounts (3) |
| 62,146 |
|
| 61,548 |
|
| 64,613 |
Total Assets Under Management | $ | 173,585 |
| $ | 173,325 |
| $ | 179,311 |
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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 .
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Sean Rourke
(860) 263-4709
sean.rourke@virtus.com