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

Rhea-AI Summary

Virtus Investment Partners reported preliminary assets under management of $149.5 billion as of October 31, 2022, an increase from $144.97 billion in September 2022. The company also manages additional fee-earning assets totaling $2.5 billion. Breakdown by product type reveals open-end funds at $55.39 billion, closed-end funds at $10.46 billion, retail separate accounts at $35.23 billion, and institutional accounts at $48.42 billion, indicating overall growth in managed assets.

Positive

• Increase in assets under management from $144.97 billion to $149.5 billion.
• Additional fee-earning assets of $2.5 billion.

Negative

• None.

HARTFORD, Conn., Nov. 9, 2022 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $149.5 billion as of October 31, 2022. In addition, the company provided services to $2.5 billion of other fee-earning assets, which are not included in assets under management.

Assets Under Management (unaudited)
($ in millions)
By Product Type:	October 31, 2022		September 30, 2022
Open-End Funds (1)	$                  55,394		$                  54,454
Closed-End Funds	10,458		10,146
Retail Separate Accounts	35,227		33,381
Institutional Accounts (2)	48,418		46,993
Total	$                 149,497		$                 144,974

(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 reported assets under management for Virtus Investment Partners as of October 31, 2022?

Virtus Investment Partners reported preliminary assets under management of $149.5 billion as of October 31, 2022.

What was the change in assets under management for VRTS from September to October 2022?

The assets under management for VRTS increased from $144.97 billion in September 2022 to $149.5 billion in October 2022.

What are the fee-earning assets reported by Virtus Investment Partners?

Virtus Investment Partners reported additional fee-earning assets totaling $2.5 billion.

How much is managed in open-end funds by Virtus Investment Partners?

Virtus Investment Partners manages $55.39 billion in open-end funds.