Virtus Investment Partners Reports Preliminary February 28, 2021 Assets Under Management

Rhea-AI Summary

Virtus Investment Partners reported total assets under management (AUM) of $166.6 billion as of February 28, 2021. The company also stated it managed an additional $3.4 billion in other fee-earning assets. Key figures include AUM from open-end funds at $72.6 billion, closed-end funds at $11.4 billion, and retail separate accounts at $35.4 billion. This data reflects the partnership's commitment to providing diverse investment management solutions.

Positive

• Total assets under management reached $166.6 billion.
• Increased AUM in open-end funds to $72.6 billion from $70.9 billion.
• Managed additional fee-earning assets of $3.4 billion.

Negative

• Closed-end funds saw a slight decrease in AUM from $11.5 billion to $11.4 billion.
• Retail separate accounts growth slower than previous months, increasing from $33.8 billion to $35.4 billion.

HARTFORD, Conn., March 9, 2021 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported total assets under management (AUM) as of February 28, 2021 of $166.6 billion. In addition, the company provided services to $3.4 billion of other fee-earning assets that are not included in assets under management.

Assets Under Management (unaudited)
($ in millions)
By Product Type:	February 28, 2021				January 31, 2021 Pro Forma (1)				January 31, 2021
Open-End Funds	$	72,643			$	70,895			$	51,175
Closed-End Funds	11,432				11,500				5,808
Exchange Traded Funds	889				834				834
Retail Separate Accounts	35,434				33,846				30,297
Institutional Accounts	42,200				41,390				40,850
Structured Products	3,974				3,958				3,958
Total	$	166,572			$	162,423			$	132,922

(1)	Includes $29.5 billion of assets under management related to the finalization of the Allianz Global Investors partnership on February 1, 2021

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, NFJ Investment Group, Seix Investment Advisors, Silvant Capital Management, Sustainable Growth Advisers, and Virtus ETF Solutions.

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SOURCE Virtus Investment Partners, Inc.

FAQ

What are the latest assets under management figures for VRTS?

As of February 28, 2021, VRTS reported total assets under management of $166.6 billion.

How much did Virtus Investment Partners increase their AUM by?

The company increased its AUM from January 31, 2021, from $162.4 billion to $166.6 billion.

What are the AUM figures for open-end funds at VRTS?

Open-end funds at VRTS totaled $72.6 billion as of February 28, 2021.

Did VRTS report any additional fee-earning assets?

Yes, VRTS reported an additional $3.4 billion in other fee-earning assets.

How did closed-end funds perform for VRTS in February 2021?

Closed-end funds saw a slight decrease in AUM, falling from $11.5 billion to $11.4 billion.