Virtus Investment Partners Reports Preliminary September 30, 2021 Assets Under Management
Virtus Investment Partners reported preliminary assets under management (AUM) of $177.3 billion as of September 30, 2021, reflecting a decrease from $183.3 billion on June 30, 2021. The decline was attributed to market performance and net outflows from open-end funds, although it was partially offset by positive net flows in retail separate accounts, exchange-traded funds, and institutional accounts. Additionally, the firm managed $3.7 billion in other fee-earning assets not included in AUM.
- Positive net flows in retail separate accounts
- Positive net flows in exchange-traded funds
- Positive net flows in institutional accounts
- Decrease in AUM from $183.3 billion to $177.3 billion
- Net outflows from open-end funds
HARTFORD, Conn., Oct. 11, 2021 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management (AUM) as of September 30, 2021 of
Assets Under Management (unaudited) | |||||||||||
($ in millions) | |||||||||||
By Product Type: | September 30, 2021 | August 31, 2021 | June 30, 2021 | ||||||||
Open-End Funds (1) | $ | 73,044 | $ | 75,576 | $ | 75,333 | |||||
Closed-End Funds | 11,721 | 12,222 | 11,993 | ||||||||
Exchange Traded Funds | 1,321 | 1,322 | 1,260 | ||||||||
Retail Separate Accounts | 41,528 | 42,474 | 40,578 | ||||||||
Institutional Accounts (1) | 45,882 | 47,906 | 45,604 | ||||||||
Structured Products | 3,809 | 3,792 | 3,870 | ||||||||
Total (1) | $ | 177,305 | $ | 183,292 | $ | 178,638 | |||||
(1) Excludes Westchester Capital Management AUM, which the company acquired on October 1, 2021 |
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, NFJ Investment Group, Seix Investment Advisors, Silvant Capital Management, Sustainable Growth Advisers, Virtus ETF Solutions, and Westchester Capital Management.
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SOURCE Virtus Investment Partners, Inc.
FAQ
What are the preliminary assets under management for VRTS as of September 30, 2021?
What caused the decrease in VRTS's assets under management from June 30, 2021?
Did VRTS experience any positive flows in its investment accounts?
