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

Rhea-AI Summary

Virtus Investment Partners (NASDAQ: VRTS) announced preliminary assets under management of $154.8 billion as of March 31, 2023, reflecting an increase from $154.3 billion on December 31, 2022. The growth was driven by market appreciation and net inflows in retail separate accounts, although this was partially offset by net outflows in open-end funds and institutional accounts. The company also reported $2.6 billion in other fee-earning assets, which are excluded from the assets under management total.

Positive

• Increased assets under management to $154.8 billion from $154.3 billion.
• Growth attributed to market appreciation and net inflows in retail separate accounts.

Negative

• Net outflows in open-end funds.
• Net outflows in institutional accounts.

HARTFORD, Conn.--(BUSINESS WIRE)-- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $154.8 billion as of March 31, 2023. The increase from December 31, 2022 primarily reflected market appreciation and net inflows in retail separate accounts, partially offset by net outflows in open-end funds and institutional accounts. 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 Management1 (unaudited)
($ in millions)
By Product Type:	March 31, 2023			February 28, 2023			December 31, 2022
Open-End Funds (2)	$	53,865		$	54,261		$	53,000
Closed-End Funds		10,358			10,266			10,361
Retail Separate Accounts		37,397			37,743			35,352
Institutional Accounts (3)		53,229			51,998			50,663
Total (1)	$	154,849		$	154,268		$	149,376

(1)		Excludes AUM of AlphaSimplex, which the company acquired on April 1, 2023
(2)		Represents assets under management of U.S. retail funds, global funds, exchange traded funds, and variable insurance funds
(3)		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/20230412005699/en/

Sean Rourke

(860) 263-4709

sean.rourke@virtus.com

Source: Virtus Investment Partners, Inc.

FAQ

What are the latest assets under management for Virtus Investment Partners (VRTS)?

As of March 31, 2023, Virtus Investment Partners reported preliminary assets under management of $154.8 billion.

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

The increase was primarily due to market appreciation and net inflows in retail separate accounts.

Did Virtus Investment Partners experience any net outflows in their funds?

Yes, there were net outflows in both open-end funds and institutional accounts.

What are other fee-earning assets reported by VRTS?

Virtus reported $2.6 billion in other fee-earning assets, which are not included in the assets under management total.