Virtus Investment Partners Reports Preliminary May 31, 2022 Assets Under Management

Rhea-AI Summary

Virtus Investment Partners reported preliminary assets under management of $167.2 billion as of May 31, 2022. This reflects a decrease from $170.9 billion in April 2022. Additionally, the company managed $3.2 billion of other fee-earning assets not included in this total. Breakdown of assets shows that open-end funds decreased from $67.3 billion to $64.9 billion, while institutional accounts also saw a slight decline from $53.8 billion to $53.2 billion.

Positive

• Managed $3.2 billion in additional fee-earning assets.
• Maintained a significant level of assets under management at $167.2 billion.

Negative

• Assets under management decreased by $3.7 billion compared to April 2022.
• Open-end funds saw a drop of $2.4 billion in assets.

HARTFORD, Conn., June 10, 2022 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $167.2 billion as of May 31, 2022.  In addition, the company provided services to $3.2 billion of other fee-earning assets, which are not included in assets under management.

Assets Under Management (unaudited)
($ in millions)
By Product Type:	May 31, 2022		April 30, 2022
Open-End Funds (1)	$                  64,927		$                  67,323
Closed-End Funds	11,523		11,424
Retail Separate Accounts	37,569		38,301
Institutional Accounts (2)	53,155		53,846
Total	$                 167,174		$                170,894

(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 for VRTS as of May 31, 2022?

The preliminary assets under management for Virtus Investment Partners (VRTS) are $167.2 billion.

How have VRTS's assets changed from April to May 2022?

VRTS's assets under management decreased from $170.9 billion in April 2022 to $167.2 billion in May 2022.

What additional fee-earning assets does VRTS manage?

Virtus Investment Partners manages an additional $3.2 billion in other fee-earning assets.

What was the status of open-end funds for VRTS as of May 31, 2022?

Open-end funds for VRTS decreased to $64.9 billion from $67.3 billion in April 2022.