Virtus Investment Partners Reports Preliminary August 31, 2020 Assets Under Management

Rhea-AI Summary

Virtus Investment Partners (NASDAQ: VRTS) reported preliminary assets under management (AUM) as of August 31, 2020, totaling $118.2 billion, which includes $1.4 billion in liquidity assets. This marks an increase from $114.1 billion in July 2020. Long-term AUM reached $116.8 billion, up from $112.7 billion the previous month. Notable contributions come from open-end funds at $43.8 billion and retail separate accounts at $24.7 billion. This growth underscores the firm's strong position in the investment management sector.

Positive

• Total AUM increased by $4.1 billion from July 2020 to August 2020.
• Long-term AUM rose by $4.1 billion month-over-month, indicating robust growth in investment demand.
• Open-end funds saw an increase to $43.8 billion, demonstrating strong fund performance.

Negative

• Closed-end funds decreased from $5.86 billion to $5.77 billion, indicating a potential decline in investor interest.

HARTFORD, Conn., Sept. 10, 2020 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary long-term and total assets under management (AUM) as of August 31, 2020 of $116.8 billion and $118.2 billion (including $1.4 billion of liquidity assets), respectively.

Assets Under Management (unaudited)
($ in millions)
By Product Type:	August 31, 2020				July 31, 2020
Long-Term:
Open-End Funds (1)	$	43,826			$	42,275
Closed-End Funds	5,769				5,860
Exchange Traded Funds	571				538
Retail Separate Accounts	24,738				23,634
Institutional Accounts	37,719				36,228
Structured Products	4,146				4,152
Total Long-Term	116,769				112,687
Liquidity (2)	1,384				1,390
Total	$	118,153			$	114,077

(1)	Includes AUM of mutual funds registered under the Investment Company Act of 1940 and Undertakings for Collective Investments in Transferable Securities (UCITS)
(2)	Represents AUM in liquidity strategies, which reflect ultra-short duration fixed income products in open-end funds and institutional accounts

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. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs. Its affiliates include Ceredex Value Advisors, Duff & Phelps Investment Management, Kayne Anderson Rudnick Investment Management, Newfleet Asset Management, Rampart Investment Management, Seix Investment Advisors, Silvant Capital Management, Sustainable Growth Advisers, and Virtus ETF Solutions.

 

 

 

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SOURCE Virtus Investment Partners, Inc.

FAQ

What was the total assets under management reported by Virtus Investment Partners on September 10, 2020?

Virtus Investment Partners reported total assets under management of $118.2 billion as of August 31, 2020.

How much did Virtus Investment Partners' long-term assets under management increase from July to August 2020?

Long-term assets under management increased by $4.1 billion from July to August 2020.

What contributed to the increase in total assets under management for Virtus Investment Partners?

The increase in total assets was driven by higher contributions from open-end funds and retail separate accounts.

What were the liquidity assets included in Virtus Investment Partners' total AUM?

The total AUM included $1.4 billion in liquidity assets.