Virtus Investment Partners Reports Preliminary March 31, 2021 Assets Under Management

Rhea-AI Summary

Virtus Investment Partners (NASDAQ: VRTS) announced total assets under management (AUM) of $168.9 billion as of March 31, 2021, marking an increase attributed to a $29.5 billion inflow from its strategic partnership with Allianz Global Investors, alongside market appreciation and positive net flows. The company also reported $3.4 billion in additional fee-earning assets outside of AUM. The AUM figures for key product types include $72.164 billion in open-end funds and $37.244 billion in retail separate accounts.

Positive

• Total assets under management increased to $168.9 billion, a significant rise from previous metrics.
• $29.5 billion of AUM growth attributed to a strategic alliance with Allianz Global Investors.
• Positive net flows observed across various investment products.

Negative

• Decrease in open-end funds from $72.643 billion (Feb 2021) to $72.164 billion (Mar 2021).
• Slight reduction in closed-end funds from $11.432 billion (Feb 2021) to $11.664 billion (Mar 2021).

HARTFORD, Conn., April 12, 2021 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported total assets under management (AUM) as of March 31, 2021 of $168.9 billion. The increase in AUM from December 31, 2020 reflected the addition of $29.5 billion of assets from the strategic partnership with Allianz Global Investors, market appreciation, and positive net flows in retail separate accounts, open-end funds, exchange traded funds, and institutional.  In addition, the company provided services to $3.4 billion of other fee-earning assets that are not included in assets under management.

Assets Under Management (unaudited)
($ in millions)
By Product Type:	March 31, 2021				February 28, 2021				December 31, 2020
Open-End Funds	$	72,164			$	72,643			$	50,771
Closed-End Funds	11,664				11,432				5,914
Exchange Traded Funds	1,021				889				837
Retail Separate Accounts	37,244				35,434				29,751
Institutional Accounts	42,802				42,200				40,861
Structured Products	3,985				3,974				4,060
Total	$	168,880			$	166,572			$	132,194

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, NFJ Investment Group, Seix Investment Advisors, Silvant Capital Management, Sustainable Growth Advisers, and Virtus ETF Solutions.

 

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SOURCE Virtus Investment Partners, Inc.

FAQ

What is the total assets under management reported by Virtus Investment Partners as of March 31, 2021?

Virtus Investment Partners reported total assets under management of $168.9 billion as of March 31, 2021.

What contributed to the increase in assets under management for VRTS in 2021?

The increase in assets under management for VRTS was primarily due to a $29.5 billion inflow from its strategic partnership with Allianz Global Investors, market appreciation, and positive net flows.

How did the AUM of open-end funds change from February to March 2021 for VRTS?

The AUM of open-end funds decreased from $72.643 billion in February 2021 to $72.164 billion in March 2021.

What were the additional fee-earning assets reported by Virtus Investment Partners?

Virtus Investment Partners reported an additional $3.4 billion in fee-earning assets not included in assets under management.