Virtus Investment Partners Reports Preliminary July 31, 2020 Assets Under Management

Rhea-AI Summary

Virtus Investment Partners (NASDAQ: VRTS) announced preliminary asset figures as of July 31, 2020, reporting $112.7 billion in long-term assets under management (AUM) and $114.1 billion in total AUM, which includes $1.4 billion in liquidity assets. Key segments contributing to long-term AUM include Open-End Funds at $42.3 billion, Closed-End Funds at $5.9 billion, and Retail Separate Accounts at $23.6 billion. The previous month’s figures showed long-term AUM of $107.1 billion.

Positive

• Long-term AUM increased to $112.7 billion from $107.1 billion in June.
• Total AUM grew to $114.1 billion, including $1.4 billion in liquidity assets.

Negative

• Open-End Funds growth was only $2.2 billion compared to the previous month.
• Liquidity assets showed a slight increase from $1.365 billion in June to $1.390 billion.

HARTFORD, Conn., Aug. 11, 2020 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary long-term and total assets under management (AUM) as of July 31, 2020 of $112.7 billion and $114.1 billion (including $1.4 billion of liquidity assets), respectively.

Assets Under Management (unaudited)
($ in millions)
By Product Type:	July 31, 2020				June 30, 2020
Long-Term:
Open-End Funds (1)	$	42,275			$	40,053
Closed-End Funds	5,860				5,639
Exchange Traded Funds	538				541
Retail Separate Accounts	23,634				22,054
Institutional Accounts	36,228				34,545
Structured Products	4,152				4,264
Total Long-Term	112,687				107,096
Liquidity (2)	1,390				1,365
Total	$	114,077			$	108,461

(1)	Includes AUM of mutual funds registered under the Investment Company Act of 1940 and Undertakings for Collective Investments in Transferable Securities (UCITS)
(2)	Represents AUM in liquidity strategies, which reflect ultra-short duration fixed income products in open-end funds and institutional accounts

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, Rampart Investment Management, 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 Virtus Investment Partners' assets under management as of July 31, 2020?

As of July 31, 2020, Virtus Investment Partners reported long-term AUM of $112.7 billion and total AUM of $114.1 billion.

How much did Virtus' long-term assets increase from June to July 2020?

Virtus' long-term assets increased by $5.6 billion from $107.1 billion in June to $112.7 billion in July 2020.

What was the value of liquidity assets for Virtus Investment Partners in July 2020?

In July 2020, Virtus Investment Partners reported liquidity assets of $1.4 billion.

How have Virtus' Open-End Funds performed in July 2020?

Open-End Funds reported an AUM of $42.3 billion in July 2020, up from $40.1 billion in June.