Virtus Investment Partners Reports Preliminary April 30, 2024 Assets Under Management

Rhea-AI Summary

Virtus Investment Partners, Inc. reported preliminary assets under management of $170.1 billion as of April 30, 2024. The company also managed $2.6 billion in other fee-earning assets. Assets were distributed across various product types and asset classes, with slight decreases from the previous month.

Insights

Financial Analyst

Virtus Investment Partners' announcement detailing a dip in Assets Under Management (AUM) from $179.31 billion to $170.064 billion month-over-month indicates a decline in their investment management business scale. This contraction, especially in the areas of Open-End Funds, Retail Separate Accounts and Institutional Accounts, could signify potential redemptions or market valuation adjustments. Investors should consider the firm's AUM as a revenue driver since management fees are typically a function of AUM. Additionally, the reported decline across different asset classes including Equity and Fixed Income could be reflective of broader market trends, which may affect other investment managers similarly. The shift in AUM could have implications for future revenue and earnings, which are critical factors for the stock's valuation. Investors would benefit from monitoring subsequent quarterly earnings reports for potential impacts on revenue and profit margins.

Market Research Analyst

The change in asset allocation, notably the decrease in Open-End Funds, suggests investor sentiment may be shifting, potentially due to market volatility or changes in investment preferences. The different pace of outflows from asset classes such as Equities and Alternatives could be indicative of investors' risk appetite and market outlook. It's insightful to observe how market dynamics mirror in the flows within asset classes, with Equities experiencing a more substantial reduction than Fixed Income, which might suggest a defensive stance taken by investors. Understanding these subtleties helps investors predict future industry trends and asset allocations, which could be strategic in making informed decisions.

HARTFORD, Conn.--(BUSINESS WIRE)-- Virtus Investment Partners, Inc. (NYSE: VRTS) today reported preliminary assets under management of $170.1 billion as of April 30, 2024. 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)
By Product Type:	April 30, 2024			March 31, 2024
Open-End Funds (1)	$	55,114		$	57,818
Closed-End Funds		9,798			10,064
Retail Separate Accounts		44,760			46,816
Institutional Accounts (2)		60,392			64,613
Total	$	170,064		$	179,311
By Asset Class:	April 30, 2024			March 31, 2024
Equity	$	96,272		$	103,501
Fixed Income		36,287			37,037
Multi-Asset (3)		21,183			21,975
Alternatives (4)		16,322			16,798
Total	$	170,064		$	179,311

(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
(3)		Consists of strategies and client accounts with substantial holdings in at least two of the following asset classes: equity, fixed income, and alternatives
(4)		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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240509356050/en/

Sean Rourke

(860) 263-4709

sean.rourke@virtus.com

Source: Virtus Investment Partners

FAQ

What are Virtus Investment Partners' preliminary assets under management as of April 30, 2024?

Virtus Investment Partners reported preliminary assets under management of $170.1 billion as of April 30, 2024.

What are the different product types the assets are divided into?

The assets are divided into Open-End Funds, Closed-End Funds, Retail Separate Accounts, and Institutional Accounts.

What are the different asset classes the assets are categorized into?

The assets are categorized into Equity, Fixed Income, Multi-Asset, and Alternatives.

What is the stock symbol for Virtus Investment Partners?

The stock symbol for Virtus Investment Partners is VRTS.