Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $172.3 billion as of December 31, 2023. The increase from September 30, 2023 primarily reflects market performance 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 $2.6 billion of other fee-earning assets, which are not included in assets under management.
Assets Under Management (unaudited) |
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($ in millions) |
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By Product Type: |
December 31, 2023 |
|
November 30, 2023 |
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September 30, 2023 |
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Open-End Funds (1) |
$ |
56,062 |
|
$ |
54,392 |
|
$ |
54,145 |
Closed-End Funds |
|
10,026 |
|
|
9,810 |
|
|
9,472 |
Retail Separate Accounts |
|
43,202 |
|
|
39,903 |
|
|
38,665 |
Institutional Accounts (2) |
|
62,969 |
|
|
61,406 |
|
|
60,257 |
Total |
$ |
172,259 |
|
$ |
165,511 |
|
$ |
162,539 |
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|
|
|
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By Asset Class: |
December 31, 2023 |
|
November 30, 2023 |
|
September 30, 2023 |
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Equity |
$ |
96,703 |
|
$ |
90,862 |
|
$ |
87,984 |
Fixed Income |
|
37,192 |
|
|
37,109 |
|
|
37,352 |
Multi-Asset (3) |
|
21,411 |
|
|
20,661 |
|
|
19,937 |
Alternatives (4) |
|
16,953 |
|
|
16,879 |
|
|
17,266 |
Total |
$ |
172,259 |
|
$ |
165,511 |
|
$ |
162,539 |
(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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(3) |
Consists of strategies and client accounts with substantial holdings in at least two of the following asset classes: equity, fixed income, and alternatives |
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(4) |
Consists of managed futures, event-driven, real estate securities, infrastructure, long/short, and other strategies |
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/20240110486502/en/
Contacts
Sean Rourke
(860) 263-4709
sean.rourke@virtus.com