Virtus Investment Partners Reports Preliminary September 30, 2023 Assets Under Management

Rhea-AI Summary

Virtus Investment Partners reports preliminary assets under management of $162.5 billion as of September 30, 2023.

Positive

• Net inflows in retail separate accounts

Negative

• Market depreciation and net outflows in open-end funds and institutional accounts

HARTFORD, Conn.--(BUSINESS WIRE)-- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $162.5 billion as of September 30, 2023. The decrease from June 30, 2023 primarily reflects market depreciation and net outflows in open-end funds and institutional accounts, partially offset by net inflows in retail separate accounts. 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:	September 30, 2023			August 31, 2023			June 30, 2023
Open-End Funds (1)	$	54,145		$	56,559		$	56,828
Closed-End Funds		9,472			9,945			10,166
Retail Separate Accounts		38,665			40,337			38,992
Institutional Accounts (2)		60,257			62,527			62,330
Total	$	162,539		$	169,368		$	168,316
(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 source version on businesswire.com: https://www.businesswire.com/news/home/20231010044888/en/

Sean Rourke

(860) 263-4709

sean.rourke@virtus.com

Source: Virtus Investment Partners

FAQ

What is the total assets under management reported by Virtus Investment Partners?

$162.5 billion

What caused the decrease in assets under management?

Market depreciation and net outflows in open-end funds and institutional accounts

Did Virtus Investment Partners have any net inflows?

Yes, in retail separate accounts