Virtus Investment Partners Reports Preliminary May 31, 2024 Assets Under Management
Virtus Investment Partners (NYSE: VRTS) announced preliminary assets under management (AUM) of $173.3 billion as of May 31, 2024. This reflects an increase from $170.1 billion as of April 30, 2024. Additionally, the company manages $2.6 billion in fee-earning assets not included in the AUM total. AUM by product type includes $56.2 billion in open-end funds, $10 billion in closed-end funds, $45.6 billion in retail separate accounts, and $61.5 billion in institutional accounts. By asset class, equity represents $98.4 billion, fixed income $36.8 billion, multi-asset $21.6 billion, and alternatives $16.6 billion.
- AUM increased by $3.3 billion to $173.3 billion from the previous month.
- Equity holdings rose to $98.4 billion, reflecting a growth of $2.1 billion.
- Open-end funds grew to $56.2 billion, up from $55.1 billion.
- Institutional accounts saw an increase to $61.5 billion from $60.4 billion.
- Fixed income assets showed only marginal growth of $0.5 billion month-over-month.
- Multi-asset class holdings increased by just $0.4 billion.
Insights
Virtus Investment Partners reporting preliminary Assets Under Management (AUM) of $173.3 billion as of May 31, 2024, is a noteworthy data point for investors. The month-over-month increase from $170.1 billion in April shows a positive trajectory. This growth can be attributed to positive market performance or new client acquisitions. Observing the breakdown by product type and asset class provides deeper insights into the company's performance dynamics.
Open-End Funds and Institutional Accounts saw the most significant increases, signaling strong investor confidence and institutional interest. The rise in Equity AUM from $96.3 billion to $98.4 billion indicates favorable market conditions or effective fund management. It’s essential for investors to examine what drove the increased allocations, possibly recent market gains or strategic investments in high-performing sectors.
On the downside, while Fixed Income and Alternatives saw moderate growth, they remain relatively stable, reflecting the broader market conditions and investor sentiment towards lower-risk profiles. Understanding these subtle shifts helps in evaluating the company’s overall strategy and performance consistency.
The breakdown by asset class reveals important trends. Equity holdings dominate Virtus Investment Partners' portfolio, comprising 56.8% of their total AUM. This high percentage indicates a strong reliance on stock market performance. Hence, the company's success is closely tied to market volatility. The modest growth in Fixed Income and Alternatives suggests a cautious approach towards diversification but also indicates stability and risk management strategies.
Investors should consider the implications of these asset allocations. A high concentration in equities could mean higher returns during bullish periods but also increased risk in bearish markets. The steady performance in multi-asset and alternative strategies points to a balanced approach aimed at mitigating risk through diversification.
Given the steady month-over-month growth across most asset categories, the company appears to be executing its strategy effectively. This stability is important for investor confidence, particularly in volatile markets.
Assets Under Management (unaudited) |
|||||
($ in millions) |
|||||
|
|
|
|
||
By Product Type: |
May 31, 2024 |
|
April 30, 2024 |
||
Open-End Funds (1) |
$ |
56,170 |
|
$ |
55,114 |
Closed-End Funds |
|
10,002 |
|
|
9,798 |
Retail Separate Accounts |
|
45,605 |
|
|
44,760 |
Institutional Accounts (2) |
|
61,548 |
|
|
60,392 |
Total |
$ |
173,325 |
|
$ |
170,064 |
|
|
|
|
||
By Asset Class: |
May 31, 2024 |
|
April 30, 2024 |
||
Equity |
$ |
98,353 |
|
$ |
96,272 |
Fixed Income |
|
36,758 |
|
|
36,287 |
Multi-Asset (3) |
|
21,578 |
|
|
21,183 |
Alternatives (4) |
|
16,636 |
|
|
16,322 |
Total |
$ |
173,325 |
|
$ |
170,064 |
(1) |
Represents assets under management of |
(2) |
Represents assets under management of institutional separate and commingled accounts including structured products |
(3) |
Consists of strategies and client accounts with substantial holdings in at least two of the following asset classes: equity, fixed income, and alternatives |
(4) |
Consists of managed futures, event-driven, real estate securities, infrastructure, long/short, and other strategies |
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NYSE: 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/20240611439954/en/
Sean Rourke
(860) 263-4709
sean.rourke@virtus.com
Source: Virtus Investment Partners
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