Virtus Investment Partners Reports Preliminary February 28, 2022 Assets Under Management

Virtus Investment Partners reported preliminary assets under management (AUM) of $183.7 billion as of February 28, 2022.

Rhea-AI Summary

Virtus Investment Partners reported preliminary assets under management (AUM) of $183.7 billion as of February 28, 2022. This figure reflects a decrease from $188.9 billion at the end of January 2022. Additionally, the company reported $3.5 billion in other fee-earning assets not included in AUM. Notably, open-end funds decreased from $75.4 billion to $73.1 billion, and institutional accounts fell from $55.1 billion to $53.0 billion. These metrics indicate challenges in asset retention and growth.

Positive

• Reported other fee-earning assets of $3.5 billion.

Negative

• Total AUM decreased from $188.9 billion in January to $183.7 billion in February.
• Open-end funds declined from $75.4 billion to $73.1 billion.
• Institutional accounts dropped from $55.1 billion to $53.0 billion.

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HARTFORD, Conn., March 9, 2022 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management (AUM) of $183.7 billion as of February 28, 2022. In addition, the company provided services to $3.5 billion of other fee-earning assets, which are not included in assets under management.

Assets Under Management (unaudited)
($ in millions)
By Product Type:	February 28, 2022		January 31, 2022
Open-End Funds	$                      73,121		$                      75,351
Closed-End Funds	11,689		11,736
Exchange Traded Funds	1,402		1,430
Retail Separate Accounts	40,808		41,606
Institutional Accounts	53,002		55,123
Structured Products	3,636		3,635
Total	$                    183,658		$                    188,881

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.

 

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SOURCE Virtus Investment Partners, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the current AUM for Virtus Investment Partners as of February 28, 2022?

The current assets under management (AUM) for Virtus Investment Partners is $183.7 billion as of February 28, 2022.

How much did the AUM decrease from January to February 2022?

The AUM decreased by $5.2 billion from $188.9 billion in January to $183.7 billion in February 2022.

What are the other fee-earning assets reported by Virtus Investment Partners?

Virtus Investment Partners reported $3.5 billion in other fee-earning assets not included in AUM.

How did the open-end funds perform in February 2022?

Open-end funds declined from $75.4 billion in January to $73.1 billion in February 2022.

What was the status of institutional accounts as of February 28, 2022?

Institutional accounts fell from $55.1 billion in January to $53.0 billion in February 2022.