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

Rhea-AI Summary

Virtus Investment Partners, Inc. (NASDAQ: VRTS) reported preliminary assets under management of $157.2 billion as of November 30, 2022. Additionally, the firm oversees $2.6 billion in other fee-earning assets not included in its AUM total. Key product types show significant growth compared to October 31, 2022, with open-end funds at $56.7 billion, institutional accounts rising to $52.7 billion, and retail separate accounts climbing to $36.9 billion. This growth highlights the company's robust investment management capabilities.

Positive

• Preliminary assets under management increased to $157.2 billion as of November 30, 2022, up from $149.5 billion in October 2022.
• Open-end funds rose to $56.7 billion from $55.4 billion, indicating strong investor interest.
• Institutional accounts grew significantly from $48.4 billion to $52.7 billion, reflecting growing institutional trust.
• Retail separate accounts experienced an increase from $35.2 billion to $36.9 billion.

Negative

• None.

HARTFORD, Conn., Dec. 12, 2022 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $157.2 billion as of November 30, 2022. 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 Management (unaudited)
($ in millions)
By Product Type:	November 30, 2022		October 31, 2022
Open-End Funds (1)	$                  56,744		$                  55,394
Closed-End Funds	10,812		10,458
Retail Separate Accounts	36,919		35,227
Institutional Accounts (2)	52,698		48,418
Total	$                 157,173		$                149,497

(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.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/virtus-investment-partners-reports-preliminary-november-30-2022-assets-under-management-301699780.html

SOURCE Virtus Investment Partners, Inc.

FAQ

What are the preliminary assets under management reported by Virtus Investment Partners for November 30, 2022?

Virtus Investment Partners reported preliminary assets under management of $157.2 billion as of November 30, 2022.

How much in fee-earning assets does Virtus Investment Partners manage that are not included in AUM?

Virtus Investment Partners manages $2.6 billion in other fee-earning assets not included in their AUM.

What was the change in open-end funds for Virtus Investment Partners from October to November 2022?

Open-end funds increased from $55.4 billion in October 2022 to $56.7 billion in November 2022.

How did institutional accounts perform for Virtus Investment Partners as of November 30, 2022?

Institutional accounts increased from $48.4 billion in October 2022 to $52.7 billion in November 2022.

What was the asset growth for retail separate accounts at Virtus Investment Partners by the end of November 2022?

Retail separate accounts grew from $35.2 billion in October 2022 to $36.9 billion in November 2022.