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 $2.5 billion of other fee-earning assets, which are not included in assets under management.
Assets Under Management (unaudited) |
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($ in millions) |
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By Product Type: |
September 30, 2023 |
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August 31, 2023 |
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June 30, 2023 |
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Open-End Funds (1) |
$ |
54,145 |
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$ |
56,559 |
|
$ |
56,828 |
Closed-End Funds |
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9,472 |
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|
9,945 |
|
|
10,166 |
Retail Separate Accounts |
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38,665 |
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|
40,337 |
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|
38,992 |
Institutional Accounts (2) |
|
60,257 |
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|
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 |
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(2) Represents assets under management of institutional separate and commingled accounts including structured products |
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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/
Contacts
Sean Rourke
(860) 263-4709
sean.rourke@virtus.com
