Investing.com
Published Apr 10, 2024 04:26
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Investment Partners, Inc. (NYSE: VRTS) today reported preliminary assets under management of $179.3 billion as of March 31, 2024. The increase from December 31, 2023 primarily reflects market performance and net inflows in retail separate accounts, partially offset by net outflows in institutional accounts and open-end funds. In addition, the company provided services to $2.7 billion of other fee-earning assets, which are not included in assets under management.
Assets Under Management (unaudited) | ||||||||
($ in millions) | ||||||||
|
|
|
|
|
| |||
By Product Type: | March 31, 2024 |
| February 29, 2024 |
| December 31, 2023 | |||
Open-End Funds (1) | $ | 57,818 |
| $ | 56,984 |
| $ | 56,062 |
Closed-End Funds |
| 10,064 |
|
| 9,856 |
|
| 10,026 |
Retail Separate Accounts |
| 46,816 |
|
| 45,327 |
|
| 43,202 |
Institutional Accounts (2) |
| 64,613 |
|
| 63,939 |
|
| 62,969 |
Total | $ | 179,311 |
| $ | 176,106 |
| $ | 172,259 |
|
|
|
|
|
| |||
By Asset Class: | March 31, 2024 |
| February 29, 2024 |
| December 31, 2023 | |||
Equity | $ | 103,501 |
| $ | 101,336 |
| $ | 96,703 |
Fixed Income |
| 37,037 |
|
| 36,712 |
|
| 37,192 |
Multi-Asset (3) |
| 21,975 |
|
| 21,613 |
|
| 21,411 |
Alternatives (4) |
| 16,798 |
|
| 16,445 |
|
| 16,953 |
Total | $ | 179,311 |
| $ | 176,106 |
| $ | 172,259 |
(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 | |
(3) | Consists of strategies and client accounts with substantial holdings in at least two of the following asset classes: equity, fixed income, and alternatives | |
(4) | Consists of managed futures, event-driven, real estate securities, infrastructure, long/short, and other strategies |
About Virtus Investment Partners (NYSE:VRTS), Inc.
Virtus Investment Partners (NYSE: 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/20240409459221/en/
Sean Rourke
(860) 263-4709
sean.rourke@virtus.com
Source: Virtus Investment Partners
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.