Virtus Investment Partners Reports Preliminary January 31, 2023 Assets Under Management

Rhea-AI Summary

Virtus Investment Partners reported preliminary assets under management of $157.8 billion as of January 31, 2023. This figure represents a notable increase from $149.4 billion reported on December 31, 2022. Additionally, the company manages $2.6 billion of other fee-earning assets not included in this total. Breakdown by product type shows open-end funds increased to $55.996 billion, while closed-end funds grew to $10.683 billion. Retail separate accounts rose to $37.744 billion and institutional accounts reached $53.389 billion.

Positive

• Assets under management increased from $149.4 billion to $157.8 billion in one month.
• Growth observed across all product types, with significant increases in open-end and retail separate accounts.

Negative

• None.

HARTFORD, Conn.--(BUSINESS WIRE)-- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $157.8 billion as of January 31, 2023. 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:	January 31, 2023			December 31, 2022
Open-End Funds (1)	$	55,996		$	53,000
Closed-End Funds		10,683			10,361
Retail Separate Accounts		37,744			35,352
Institutional Accounts (2)		53,389			50,663
Total	$	157,812		$	149,376

(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/20230209005624/en/

Sean Rourke

(860) 263-4709

sean.rourke@virtus.com

Source: Virtus Investment Partners, Inc.

FAQ

What are Virtus Investment Partners' assets under management as of January 31, 2023?

As of January 31, 2023, Virtus Investment Partners reported assets under management of $157.8 billion.

How much did Virtus Investment Partners' assets under management increase from December 31, 2022?

Virtus Investment Partners' assets under management increased by $8.4 billion from $149.4 billion on December 31, 2022, to $157.8 billion on January 31, 2023.

What is the breakdown of Virtus Investment Partners' assets under management by product type?

As of January 31, 2023, Virtus' assets include $55.996 billion in open-end funds, $10.683 billion in closed-end funds, $37.744 billion in retail separate accounts, and $53.389 billion in institutional accounts.

What is the value of other fee-earning assets managed by Virtus Investment Partners?

Virtus Investment Partners manages $2.6 billion in other fee-earning assets that are not included in the total assets under management.