Virtus Investment Partners Reports Preliminary February 28, 2022 Assets Under Management

Rhea-AI Summary

Virtus Investment Partners reported preliminary assets under management (AUM) of $183.7 billion as of February 28, 2022. This figure reflects a decrease from $188.9 billion at the end of January 2022. Additionally, the company reported $3.5 billion in other fee-earning assets not included in AUM. Notably, open-end funds decreased from $75.4 billion to $73.1 billion, and institutional accounts fell from $55.1 billion to $53.0 billion. These metrics indicate challenges in asset retention and growth.

Positive

• Reported other fee-earning assets of $3.5 billion.

Negative

• Total AUM decreased from $188.9 billion in January to $183.7 billion in February.
• Open-end funds declined from $75.4 billion to $73.1 billion.
• Institutional accounts dropped from $55.1 billion to $53.0 billion.

HARTFORD, Conn., March 9, 2022 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management (AUM) of $183.7 billion as of February 28, 2022. In addition, the company provided services to $3.5 billion of other fee-earning assets, which are not included in assets under management.

Assets Under Management (unaudited)
($ in millions)
By Product Type:	February 28, 2022		January 31, 2022
Open-End Funds	$                      73,121		$                      75,351
Closed-End Funds	11,689		11,736
Exchange Traded Funds	1,402		1,430
Retail Separate Accounts	40,808		41,606
Institutional Accounts	53,002		55,123
Structured Products	3,636		3,635
Total	$                    183,658		$                    188,881

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.

 

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SOURCE Virtus Investment Partners, Inc.

FAQ

What is the current AUM for Virtus Investment Partners as of February 28, 2022?

The current assets under management (AUM) for Virtus Investment Partners is $183.7 billion as of February 28, 2022.

How much did the AUM decrease from January to February 2022?

The AUM decreased by $5.2 billion from $188.9 billion in January to $183.7 billion in February 2022.

What are the other fee-earning assets reported by Virtus Investment Partners?

Virtus Investment Partners reported $3.5 billion in other fee-earning assets not included in AUM.

How did the open-end funds perform in February 2022?

Open-end funds declined from $75.4 billion in January to $73.1 billion in February 2022.

What was the status of institutional accounts as of February 28, 2022?

Institutional accounts fell from $55.1 billion in January to $53.0 billion in February 2022.