An exchange-traded fund is an investment product that bundles many stocks, bonds, or other assets into a single package that trades on a stock exchange like an individual share; think of it as a ready-made basket you can buy or sell throughout the trading day. For investors it matters because ETFs provide easy access to broad exposure, typically lower costs and built-in diversification, and the ability to adjust positions quickly without buying each asset separately.
closed-end fundsfinancial
A closed-end fund is an investment pool that raises a fixed amount of money by issuing a set number of shares, which then trade on an exchange like stocks. Unlike bank-style mutual funds that buy or sell shares on demand, its market price can sit above or below the fund’s per-share value of holdings (like a used-car market price versus the sticker price), so investors should watch both the traded price and the underlying asset value for potential bargains or risks.
tender-offer fundsfinancial
Tender-offer funds are investment vehicles that periodically offer to buy back shares directly from their existing investors at a stated price and within a set time window, rather than relying on daily trading on an exchange. This matters to investors because these buybacks can provide a chance to sell when market trading is thin, help narrow the gap between the fund’s market price and its underlying asset value, and change the ownership and tax profile for remaining holders—similar to a store running a timed buyback of certain items to manage supply and prices.
retail separate accountsfinancial
Retail separate accounts are investment portfolios managed for an individual investor rather than pooled with other clients, giving the owner direct ownership of the specific stocks, bonds or other assets held. Like hiring a tailor to make a suit instead of buying off the rack, they allow customization of holdings, clearer visibility into what you own and more direct control over tax outcomes and risk — features that can matter for personalization, tax planning and fee trade-offs.
institutional accountsfinancial
Institutional accounts are brokerage or custody accounts held by organizations—such as pension funds, mutual funds, hedge funds, insurance companies, and other large financial managers—that buy, sell and hold stocks and other securities on behalf of clients or beneficiaries. They matter to investors because these accounts move large amounts of capital, so their buying or selling can swing prices, affect liquidity and signal market sentiment; think of them as freight trains whose movements shape traffic on the markets.
multi-assetfinancial
Multi-asset refers to an investment approach that combines different types of assets, such as stocks, bonds, real estate, and commodities, within a single portfolio. This strategy helps spread out risk and can provide more stable returns, much like diversifying a garden with various plants to ensure overall health. For investors, it offers a way to balance potential gains and reduce the impact of any one asset's poor performance.
managed futuresfinancial
Managed futures are investment strategies where professional managers trade futures contracts—agreements to buy or sell commodities, currencies, interest rates or stock indexes at set prices in the future—on behalf of clients. Investors use them to seek returns that move differently from stocks and bonds, like adding a separate engine to a car; this can help spread risk and hedge against downturns, though these strategies can be volatile and carry fees and leverage risks.
private marketsfinancial
Private markets are places where investors buy and sell ownership in companies, debt, or assets that are not listed on public stock exchanges — think direct stakes in a start-up, private company, real estate project, or loan. They matter to investors because these deals can offer higher potential returns and diversification but come with less transparency, limited ability to sell quickly, and more uncertainty, like owning a whole house versus trading shares of a real estate fund.
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HARTFORD, Conn.--(BUSINESS WIRE)--
Virtus Investment Partners, Inc. (NYSE: VRTS) today reported preliminary assets under management (AUM) of $154.8 billion and other fee earning assets of $1.7 billion for total client assets of $156.5 billion as of April 30, 2026. The change in AUM from March 31, 2026, reflects market performance and positive net flows in exchange-traded funds, wealth management retail separate accounts, and tender-offer funds, partially offset by net outflows in intermediary-sold retail separate accounts, institutional accounts, and U.S. retail funds.
Assets Under Management (unaudited)
($ in millions)
By Product Type:
April 30, 2026
March 31, 2026
Open-End Funds (1)
$
52,781
$
50,231
Closed-End Funds (2)
13,377
12,794
Retail Separate Accounts (3)
38,306
37,341
Institutional Accounts (4)
50,347
48,660
Total Assets Under Management
$
154,811
$
149,026
By Asset Class:
April 30, 2026
March 31, 2026
Equity
$
72,935
$
70,079
Fixed Income
40,154
39,352
Multi-Asset (5)
22,703
21,586
Alternatives (6)
19,019
18,009
Total Assets Under Management
$
154,811
$
149,026
(1)
Represents U.S. retail funds, exchange-traded funds, and global funds
(2)
Consists of traditional closed-end and tender-offer funds
(3)
Includes investment models provided to managed account sponsors
(4)
Represents institutional separate and commingled accounts including structured products
(5)
Consists of multi-asset offerings not included in equity, fixed income, and alternatives
(6)
Consists of listed real estate, managed futures, infrastructure, event-driven, private markets, and other strategies
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 products and services from our investment 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.
