Virtus Investment Partners Reports Preliminary June 30, 2020 Assets Under Management

Rhea-AI Summary

Virtus Investment Partners reported preliminary assets under management (AUM) of $107.1 billion in long-term assets and $108.5 billion in total AUM as of June 30, 2020. This increase from March 31, 2020 was driven by market appreciation and positive net flows, with inflows noted in mutual funds, retail separate accounts, and institutional accounts. However, there were net outflows in some product lines. The liquidity assets accounted for $1.4 billion.

Positive

• Long-term AUM increased to $107.1 billion, driven by market appreciation.
• Positive net flows from mutual funds, retail separate accounts, and institutional accounts.

Negative

• Net outflows observed in certain product lines.

HARTFORD, Conn., July 13, 2020 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary long-term and total assets under management (AUM) as of June 30, 2020 of $107.1 billion and $108.5 billion (including $1.4 billion of liquidity assets), respectively. The increase in long-term AUM from March 31, 2020 reflected market appreciation and positive net flows, including net inflows in mutual funds, retail separate accounts and institutional accounts, partially offset by net outflows in other products.

Assets Under Management (unaudited)
($ in millions)
By Product Type:	June 30, 2020		May 31, 2020		March 31, 2020
Long-Term:
Open-End Funds (1)	$	40,053			$	39,015			$	33,498
Closed-End Funds	5,639			5,785			5,343
Exchange Traded Funds	541			561			480
Retail Separate Accounts	22,054			21,336			17,660
Institutional Accounts	34,545			32,987			28,210
Structured Products	4,264			4,250			4,343
Total Long-Term	107,096			103,934			89,534
Liquidity (2)	1,365			1,324			1,160
Total	$	108,461			$	105,258			$	90,694

(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 the total assets under management for VRTS as of June 30, 2020?

As of June 30, 2020, Virtus Investment Partners reported total assets under management of $108.5 billion.

How much did VRTS's long-term AUM increase by since March 31, 2020?

The long-term AUM for VRTS increased to $107.1 billion from the previous quarter.

What contributed to the increase in AUM for VRTS?

The increase in AUM was attributed to market appreciation and positive net flows.

What amount of liquidity assets did VRTS report?

Virtus Investment Partners reported liquidity assets of $1.4 billion.