Virtus Investment Partners Reports Preliminary June 30, 2022 Assets Under Management

Rhea-AI Summary

Virtus Investment Partners (NASDAQ: VRTS) reported preliminary assets under management of $155.4 billion as of June 30, 2022. This marks a decrease from $167.2 billion as of March 31, 2022, primarily due to market depreciation and net outflows in open-end funds and retail separate accounts. However, there were positive net flows in institutional accounts. Additionally, the company managed $3.0 billion in other fee-earning assets not included in the total.

Positive

• Positive net flows in institutional accounts.

Negative

• Decrease in assets under management from $167.2 billion to $155.4 billion.
• Net outflows in open-end funds and retail separate accounts.

HARTFORD, Conn., July 12, 2022 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $155.4 billion as of June 30, 2022. The decrease from March 31, 2022 primarily reflected market depreciation and net outflows in open-end funds and retail separate accounts, partially offset by positive net flows in institutional accounts. In addition, the company provided services to $3.0 billion of other fee-earning assets, which are not included in assets under management.

Assets Under Management (unaudited)
($ in millions)
By Product Type:	June 30, 2022		May 31, 2022		March 31, 2022
Open-End Funds (1)	$                  59,479		$                  64,927		$                  73,149
Closed-End Funds	10,645		11,523		12,060
Retail Separate Accounts	35,248		37,569		40,824
Institutional Accounts (2)	50,048		53,155		57,309
Total	$                 155,420		$                167,174		$                 183,342

(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.

 

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SOURCE Virtus Investment Partners, Inc.

FAQ

What are the preliminary assets under management reported by Virtus Investment Partners as of June 30, 2022?

Virtus Investment Partners reported preliminary assets under management of $155.4 billion as of June 30, 2022.

How have Virtus Investment Partners' assets under management changed from March 31, 2022?

Assets under management decreased from $167.2 billion on March 31, 2022, to $155.4 billion as of June 30, 2022.

What caused the decrease in assets under management for Virtus Investment Partners?

The decrease was primarily due to market depreciation and net outflows in open-end funds and retail separate accounts.

Did Virtus Investment Partners experience any positive inflows?

Yes, the company reported positive net flows in institutional accounts.

What additional assets did Virtus Investment Partners manage outside of the reported assets under management?

Virtus managed an additional $3.0 billion of other fee-earning assets, which are not included in assets under management.