Virtus Investment Partners Reports Preliminary September 30, 2020 Assets Under Management
Virtus Investment Partners reported preliminary assets under management (AUM) as of September 30, 2020, totaling $116.5 billion, including $1.5 billion in liquidity assets. Long-term AUM increased to $115.0 billion, driven by market appreciation and favorable net inflows in retail separate accounts, mutual funds, and ETFs, despite some outflows in other products. Notable figures include $43.4 billion in open-end funds and $5.6 billion in closed-end funds. The report reflects a robust investment performance during the quarter.
- Total assets under management increased to $116.5 billion.
- Long-term AUM rose to $115.0 billion due to market appreciation.
- Notable net inflows observed in retail separate accounts and mutual funds.
- Net outflows experienced in other product categories.
HARTFORD, Conn., Oct. 12, 2020 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary long-term and total assets under management (AUM) as of September 30, 2020 of
Assets Under Management (unaudited) | |||||||||||
($ in millions) | |||||||||||
By Product Type: | September 30, 2020 | August 31, 2020 | June 30, 2020 | ||||||||
Long-Term: | |||||||||||
Open-End Funds (1) | $ | 43,369 | $ | 43,826 | $ | 40,053 | |||||
Closed-End Funds | 5,629 | 5,769 | 5,639 | ||||||||
Exchange Traded Funds | 543 | 571 | 541 | ||||||||
Retail Separate Accounts | 24,727 | 24,738 | 22,054 | ||||||||
Institutional Accounts | 36,596 | 37,719 | 34,545 | ||||||||
Structured Products | 4,163 | 4,146 | 4,264 | ||||||||
Total Long-Term | 115,027 | 116,769 | 107,096 | ||||||||
Liquidity (2) | 1,460 | 1,384 | 1,365 | ||||||||
Total | $ | 116,487 | $ | 118,153 | $ | 108,461 | |||||
(1) | Includes AUM of mutual funds registered under the Investment Company Act of 1940 and Undertakings for Collective Investments in Transferable Securities (UCITS) |
(2) | Represents AUM in liquidity strategies, which reflect ultra-short duration fixed income products in open-end funds and institutional accounts |
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. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs. Its affiliates include Ceredex Value Advisors, Duff & Phelps Investment Management, Kayne Anderson Rudnick Investment Management, Newfleet Asset Management, Seix Investment Advisors, Silvant Capital Management, Sustainable Growth Advisers, and Virtus ETF Solutions.
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SOURCE Virtus Investment Partners, Inc.
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