Virtus Investment Partners, Inc. (NYSE: VRTS) today reported preliminary assets under management (AUM) of $173.6 billion and other fee earning assets of $2.6 billion for total client assets of $176.2 billion as of June 30, 2024. The decrease in AUM from March 31, 2024 primarily reflects market performance and net outflows due to institutional accounts and open-end funds, partially offset by positive net flows in retail separate accounts. Preliminary average AUM for the quarter was $175.2 billion.
Assets Under Management (unaudited) |
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($ in millions) |
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By Product Type: |
June 30, 2024 |
|
May 31, 2024 |
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March 31, 2024 |
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Open-End Funds (1) |
$ |
55,852 |
|
$ |
56,170 |
|
$ |
57,818 |
Closed-End Funds |
|
9,915 |
|
|
10,002 |
|
|
10,064 |
Retail Separate Accounts (2) |
|
45,672 |
|
|
45,605 |
|
|
46,816 |
Institutional Accounts (3) |
|
62,146 |
|
|
61,548 |
|
|
64,613 |
Total Assets Under Management |
$ |
173,585 |
|
$ |
173,325 |
|
$ |
179,311 |
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By Asset Class: |
June 30, 2024 |
|
May 31, 2024 |
|
March 31, 2024 |
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Equity |
$ |
99,224 |
|
$ |
98,353 |
|
$ |
103,501 |
Fixed Income |
|
36,970 |
|
|
36,758 |
|
|
37,037 |
Multi-Asset (4) |
|
21,060 |
|
|
21,578 |
|
|
21,975 |
Alternatives (5) |
|
16,331 |
|
|
16,636 |
|
|
16,798 |
Total Assets Under Management |
$ |
173,585 |
|
$ |
173,325 |
|
$ |
179,311 |
| (1) Represents assets under management of U.S. retail funds, global funds, exchange-traded funds, and variable insurance funds | ||||||||
(2) Includes strategies for which investment models are provided to managed account sponsors |
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| (3) Represents assets under management of institutional separate and commingled accounts including structured products | ||||||||
| (4) Consists of multi-asset offerings not included in equity, fixed income, and alternatives | ||||||||
(5) Consists of managed futures, event-driven, real estate securities, infrastructure, long/short, and other strategies |
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About Virtus Investment Partners, 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/20240711459069/en/
Contacts
Sean Rourke
(860) 263-4709
sean.rourke@virtus.com
