Virtus Investment Partners Reports Preliminary December 31, 2022 Assets Under Management

Rhea-AI Summary

Virtus Investment Partners (NASDAQ: VRTS) announced preliminary assets under management of $149.4 billion as of December 31, 2022, reflecting an increase from $144.9 billion on September 30, 2022. This growth was driven by market appreciation and net inflows in institutional accounts, although it was partially offset by net outflows in open-end funds and retail separate accounts. Additionally, the firm managed $2.5 billion in other fee-earning assets not included in the total.

Positive

• Preliminary assets under management increased to $149.4 billion from $144.9 billion.
• Growth attributed to market appreciation and net inflows in institutional accounts.
• Managed an additional $2.5 billion in other fee-earning assets.

Negative

• Net outflows reported in open-end funds and retail separate accounts.

HARTFORD, Conn., Jan. 11, 2023 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $149.4 billion as of December 31, 2022. The increase from September 30, 2022 primarily reflected market appreciation and net inflows in institutional accounts, partially offset by net outflows in open-end funds and 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)
By Product Type:	December 31, 2022		November 30, 2022		September 30, 2022
Open-End Funds (1)	$                  53,000		$                  56,744		$                  54,454
Closed-End Funds	10,361		10,812		10,146
Retail Separate Accounts	35,352		36,919		33,381
Institutional Accounts (2)	50,663		52,698		46,993
Total	$                 149,376		$                157,173		$                 144,974

(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 original content to download multimedia:https://www.prnewswire.com/news-releases/virtus-investment-partners-reports-preliminary-december-31-2022-assets-under-management-301719569.html

SOURCE Virtus Investment Partners, Inc.

FAQ

What are the latest assets under management reported by Virtus Investment Partners (VRTS)?

As of December 31, 2022, Virtus Investment Partners reported preliminary assets under management of $149.4 billion.

What contributed to the increase in assets under management for VRTS?

The increase was primarily due to market appreciation and net inflows in institutional accounts.

Were there any outflows in Virtus Investment Partners (VRTS) funds?

Yes, there were net outflows in open-end funds and retail separate accounts.

What is the value of other fee-earning assets managed by Virtus (VRTS)?

Virtus managed an additional $2.5 billion in other fee-earning assets not included in assets under management.