Virtus Investment Partners Reports Preliminary February 28, 2023 Assets Under Management

Rhea-AI Summary

Virtus Investment Partners (NASDAQ: VRTS) reported preliminary assets under management of $154.3 billion as of February 28, 2023. This includes an additional $2.5 billion in fee-earning assets not accounted in the total. The breakdown of assets by product type shows $54.3 billion in open-end funds, $10.3 billion in closed-end funds, and $37.7 billion in retail separate accounts. Institutional accounts totaled $52.0 billion, reflecting a slight decrease compared to January's figures. Overall, the assets under management decreased from $157.8 billion in January, indicating potential shifts in market conditions.

Positive

• Preliminary assets under management reached $154.3 billion.
• Additional $2.5 billion in fee-earning assets demonstrates service capacity.

Negative

• Decrease from $157.8 billion in assets under management from January.
• Drop in open-end fund assets to $54.3 billion from $56.0 billion.

HARTFORD, Conn.--(BUSINESS WIRE)-- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $154.3 billion as of February 28, 2023. 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:	February 28, 2023			January 31, 2023
Open-End Funds (1)	$	54,261		$	55,996
Closed-End Funds		10,266			10,683
Retail Separate Accounts		37,743			37,744
Institutional Accounts (2)		51,998			53,389
Total	$	154,268		$	157,812

(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 source version on businesswire.com: https://www.businesswire.com/news/home/20230309005711/en/

Sean Rourke

(860) 263-4709

sean.rourke@virtus.com

Source: Virtus Investment Partners, Inc.

FAQ

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

As of February 28, 2023, Virtus Investment Partners reported preliminary assets under management of $154.3 billion.

How much did Virtus Investment Partners manage in fee-earning assets as of February 2023?

Virtus Investment Partners provided services for an additional $2.5 billion in fee-earning assets as of February 28, 2023.

What were the asset figures for Virtus Investment Partners in January 2023 compared to February?

In January 2023, assets under management were $157.8 billion, which decreased to $154.3 billion by February 28, 2023.

How did the retail separate accounts perform for Virtus Investment Partners in February 2023?

The retail separate accounts remained stable at approximately $37.7 billion in assets under management as of February 28, 2023.

What changes occurred in the open-end funds managed by Virtus Investment Partners from January to February 2023?

Open-end fund assets decreased from $55.0 billion in January to $54.3 billion in February 2023.