Virtus Investment Partners Reports Preliminary November 30, 2024 Assets Under Management

Rhea-AI Summary

Virtus Investment Partners (NYSE: VRTS) reported preliminary assets under management (AUM) of $186.8 billion and other fee earning assets of $2.4 billion, totaling $189.1 billion in client assets as of November 30, 2024. The increase from October 31, 2024 was driven by market performance and positive net flows in retail separate accounts, despite net outflows in open-end funds and institutional accounts.

The company's AUM breakdown shows: Equity ($110.2B), Fixed Income ($38.4B), Multi-Asset ($22.2B), and Alternatives ($15.9B). By product type: Open-End Funds ($58.9B), Closed-End Funds ($10.8B), Retail Separate Accounts ($52.3B), and Institutional Accounts ($64.8B). Preliminary average AUM for the month was $182.9 billion.

Positive

• Total AUM increased from $179.4B to $186.8B month-over-month
• Positive net flows in retail separate accounts
• Strong market performance driving AUM growth
• Growth across all asset classes, particularly in equity segment

Negative

• Net outflows in open-end funds and institutional accounts

Insights

Financial Analyst

The November AUM report shows significant growth with total assets reaching $186.8 billion, a 4.1% increase from October. Key drivers include strong market performance and positive net flows in retail separate accounts, though partially offset by outflows in open-end funds and institutional accounts. Equity assets saw the most substantial growth, increasing by $5.6 billion to $110.2 billion. The diversified asset mix, with substantial positions across equity, fixed income and alternatives, provides stability and multiple revenue streams. The growth in retail separate accounts, reaching $52.3 billion, indicates strong retail investor interest and could lead to improved fee generation, as these accounts typically command higher fees than institutional ones.

Market Research Analyst

The 4.1% monthly AUM growth outpaces typical industry averages, suggesting VRTS is capturing market share effectively. The shift toward retail separate accounts while experiencing institutional outflows reflects broader industry trends where personalized investment solutions are gaining favor. The expansion in alternatives to $15.9 billion is particularly noteworthy, as this segment typically generates higher fees and helps differentiate VRTS from competitors. The robust growth in equity assets during November aligns with broader market rallies, though the company's ability to maintain positive retail flows demonstrates strong distribution capabilities and product appeal.

HARTFORD, Conn.--(BUSINESS WIRE)-- Virtus Investment Partners, Inc. (NYSE: VRTS) today reported preliminary assets under management (AUM) of $186.8 billion and other fee earning assets of $2.4 billion for total client assets of $189.1 billion as of November 30, 2024. The increase in AUM from October 31, 2024 primarily reflects market performance and positive net flows in retail separate accounts, partially offset by net outflows in open-end funds and institutional accounts. Preliminary average AUM for the month was $182.9 billion.

Assets Under Management (unaudited)
($ in millions)
By Product Type:	November 30, 2024			October 31, 2024
Open-End Funds (1)	$	58,858		$	56,625
Closed-End Funds		10,830			10,300
Retail Separate Accounts (2)		52,280			49,812
Institutional Accounts (3)		64,808			62,672
Total Assets Under Management	$	186,776		$	179,409
By Asset Class:	November 30, 2024			October 31, 2024
Equity	$	110,162		$	104,543
Fixed Income		38,435			38,177
Multi-Asset (4)		22,231			21,271
Alternatives (5)		15,948			15,418
Total Assets Under Management	$	186,776		$	179,409

(1)		Represents assets under management of U.S. retail funds, global funds, exchange-traded funds, and variable insurance funds
(2)		Includes strategies for which investment models are provided to managed account sponsors
(3)		Represents assets under management of institutional separate and commingled accounts including structured products
(4)		Consists of multi-asset offerings not included in equity, fixed income, and alternatives
(5)		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/20241211220414/en/

Sean Rourke

(860) 263-4709

sean.rourke@virtus.com

Source: Virtus Investment Partners

FAQ

What was Virtus Investment Partners' (VRTS) total AUM as of November 30, 2024?

Virtus Investment Partners reported total assets under management (AUM) of $186.8 billion as of November 30, 2024.

How much did VRTS's assets under management increase from October to November 2024?

VRTS's AUM increased by approximately $7.4 billion, from $179.4 billion in October to $186.8 billion in November 2024.

What is the largest asset class in VRTS's portfolio as of November 2024?

Equity is the largest asset class with $110.2 billion in AUM, representing approximately 59% of total AUM.

Which product segments experienced outflows for VRTS in November 2024?

Open-end funds and institutional accounts experienced net outflows in November 2024.

What was VRTS's average AUM for November 2024?

The preliminary average AUM for November 2024 was $182.9 billion.