Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $162.5 billion as of September 30, 2023. The decrease from June 30, 2023 primarily reflects market depreciation and net outflows in open-end funds and institutional accounts, partially offset by net inflows in 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) | ||||||||
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By Product Type: | September 30, 2023 |
| August 31, 2023 |
| June 30, 2023 | |||
Open-End Funds (1) | $ | 54,145 |
| $ | 56,559 |
| $ | 56,828 |
Closed-End Funds |
| 9,472 |
|
| 9,945 |
|
| 10,166 |
Retail Separate Accounts |
| 38,665 |
|
| 40,337 |
|
| 38,992 |
Institutional Accounts (2) |
| 60,257 |
|
| 62,527 |
|
| 62,330 |
Total | $ | 162,539 |
| $ | 169,368 |
| $ | 168,316 |
(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/20231010044888/en/
Sean Rourke
(860) 263-4709
sean.rourke@virtus.com