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HARTFORD, Conn.--(BUSINESS WIRE)--Apr 12, 2023--
Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $154.8 billion as of March 31, 2023. The increase from December 31, 2022 primarily reflected market appreciation and net inflows in retail separate accounts, partially offset by net outflows in open-end funds and institutional accounts. In addition, the company provided services to $2.6 billion of other fee-earning assets, which are not included in assets under management.
Assets Under Management 1 (unaudited) | ||||||||
($ in millions) | ||||||||
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By Product Type: | March 31, 2023 |
| February 28, 2023 |
| December 31, 2022 | |||
Open-End Funds (2) | $ | 53,865 |
| $ | 54,261 |
| $ | 53,000 |
Closed-End Funds |
| 10,358 |
|
| 10,266 |
|
| 10,361 |
Retail Separate Accounts |
| 37,397 |
|
| 37,743 |
|
| 35,352 |
Institutional Accounts (3) |
| 53,229 |
|
| 51,998 |
|
| 50,663 |
Total (1) | $ | 154,849 |
| $ | 154,268 |
| $ | 149,376 |
| (1) | Excludes AUM of AlphaSimplex, which the company acquired on April 1, 2023 | |
| (2) | Represents assets under management of U.S. retail funds, global funds, exchange traded funds, and variable insurance funds | |
| (3) | 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/20230412005699/en/
CONTACT: Sean Rourke
(860) 263-4709
sean.rourke@virtus.com
KEYWORD: CONNECTICUT UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE
SOURCE: Virtus Investment Partners, Inc.
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PUB: 04/12/2023 04:05 PM/DISC: 04/12/2023 04:05 PM
http://www.businesswire.com/news/home/20230412005699/en