Virtus Investment Partners Reports Preliminary February 29, 2024 Assets Under Management

Rhea-AI Summary

Virtus Investment Partners, Inc. (VRTS) reported preliminary assets under management of $176.1 billion as of February 29, 2024, showing growth from the previous month. The company also serviced $2.6 billion of other fee-earning assets. The assets were distributed across various product types and asset classes, with notable increases in Equity and Institutional Accounts.

Insights

Financial Analyst

The reported preliminary assets under management (AUM) by Virtus Investment Partners show a month-over-month increase from $171.1 billion to $176.1 billion. This uptick indicates a positive inflow or performance, or a combination of both, which can be an indicator of the company's operational success and could potentially influence investor sentiment. The growth in AUM is a critical metric as it directly correlates to the management fees the company can earn, which are a significant source of revenue for asset managers.

Analyzing the distribution of AUM across product types and asset classes, there is a noticeable increase in equity assets, which could suggest a favorable market environment or successful stock selection strategies. The slight decrease in fixed income assets might reflect changes in interest rates or investor preference shifts. The rise in multi-asset and slight decline in alternatives require context; multi-asset growth could signify a demand for diversified risk management solutions, while the dip in alternatives might raise questions about investor appetite for these types of investments.

Market Research Analyst

From a market research perspective, the dynamics observed in Virtus Investment Partners' AUM composition can provide insights into broader market trends. The increase in open-end funds and retail separate accounts suggests a growing retail investor base or increased retail investor activity. This could reflect broader economic confidence or a shift in consumer investment behavior.

Moreover, the increase in institutional accounts AUM is noteworthy as it may indicate institutional trust in Virtus's management capabilities and could signal a competitive edge in attracting institutional capital. It's important to monitor these trends alongside industry benchmarks to evaluate Virtus's performance relative to its peers.

Economist

The data presented can be indicative of underlying economic trends. For instance, the increase in equity AUM could be reflective of a bullish stock market or investor optimism about economic growth. Conversely, the stable-to-slightly-decreasing fixed income AUM might suggest concerns about interest rate hikes or a search for higher yields in a low-interest environment.

The role of multi-asset strategies is becoming increasingly important as investors seek to navigate complex economic conditions. The growth in this area could be a response to increased market volatility or uncertainty, prompting investors to seek out more diversified investment strategies.

HARTFORD, Conn.--(BUSINESS WIRE)-- Virtus Investment Partners, Inc. (NYSE: VRTS) today reported preliminary assets under management of $176.1 billion as of February 29, 2024. In addition, the company provided services to $2.6 billion of other fee-earning assets, which are not included in assets under management.

Assets Under Management (unaudited)
($ in millions)
By Product Type:	February 29, 2024			January 31, 2024
Open-End Funds (1)	$	56,984		$	55,601
Closed-End Funds		9,856			9,795
Retail Separate Accounts		45,327			43,084
Institutional Accounts (2)		63,939			62,669
Total	$	176,106		$	171,149
By Asset Class:	February 29, 2024			January 31, 2024
Equity	$	101,336		$	96,530
Fixed Income		36,712			36,779
Multi-Asset (3)		21,613			21,149
Alternatives (4)		16,445			16,691
Total	$	176,106		$	171,149
(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
(3) Consists of strategies and client accounts with substantial holdings in at least two of the following asset classes: equity, fixed income, and alternatives
(4) Consists of managed futures, event-driven, real estate securities, infrastructure, long/short, and other strategies

About Virtus Investment Partners, Inc.

Virtus Investment Partners (NYSE: 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/20240311097628/en/

Sean Rourke

(860) 263-4709

sean.rourke@virtus.com

Source: Virtus Investment Partners

FAQ

What are Virtus Investment Partners, Inc.'s (VRTS) preliminary assets under management as of February 29, 2024?

Virtus Investment Partners, Inc. reported assets under management of $176.1 billion as of February 29, 2024.

How much did Virtus Investment Partners, Inc. (VRTS) service in other fee-earning assets?

Virtus Investment Partners, Inc. serviced $2.6 billion of other fee-earning assets.

What were the asset distributions by product type for Virtus Investment Partners, Inc. (VRTS) on February 29, 2024?

Assets were distributed across Open-End Funds, Closed-End Funds, Retail Separate Accounts, and Institutional Accounts.

Which asset class saw the highest increase for Virtus Investment Partners, Inc. (VRTS) in February 2024?

Equity saw the highest increase, reaching $101,336 million.

What does the Multi-Asset category include for Virtus Investment Partners, Inc. (VRTS)?

The Multi-Asset category includes strategies and client accounts with substantial holdings in equity, fixed income, and alternatives.

What types of strategies are included in Virtus Investment Partners, Inc.'s (VRTS) Alternatives category?

The Alternatives category includes managed futures, event-driven, real estate securities, infrastructure, long/short, and other strategies.