Virtus Investment Partners Reports Preliminary January 31, 2021 Assets Under Management
Virtus Investment Partners reported total assets under management (AUM) of $132.9 billion as of January 31, 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Virtus Investment Partners reported total assets under management (AUM) of $132.9 billion as of January 31, 2021. This reflects an increase from $132.2 billion on December 31, 2020. Key products contributing to AUM include open-end funds at $51.175 billion, retail separate accounts at $30.297 billion, and institutional accounts at $40.850 billion. Closed-end funds and exchange-traded funds reported $5.808 billion and $834 million, respectively. Virtus Investment Partners continues to provide diverse investment management solutions.
Positive
- Total AUM increased from $132.2 billion to $132.9 billion from December 31, 2020, to January 31, 2021.
- Open-end funds grew to $51.175 billion, up from $50.771 billion.
- Retail separate accounts rose to $30.297 billion from $29.751 billion.
- Institutional accounts remained stable at $40.850 billion.
Negative
- Closed-end funds decreased slightly from $5.914 billion to $5.808 billion.
- Exchange-traded funds saw a minor decline from $837 million to $834 million.
Details
News Market Reaction – VRTS
The recorded move for VRTS in the trading session of this news was +1.36%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HARTFORD, Conn., Feb. 9, 2021 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported total assets under management (AUM) as of January 31, 2021 of
Assets Under Management (unaudited) | |||||||
($ in millions) | |||||||
By Product Type: | January 31, 2021 | December 31, 2020 | |||||
Open-End Funds (1) | $ | 51,175 | $ | 50,771 | |||
Closed-End Funds | 5,808 | 5,914 | |||||
Exchange Traded Funds | 834 | 837 | |||||
Retail Separate Accounts | 30,297 | 29,751 | |||||
Institutional Accounts | 40,850 | 40,861 | |||||
Structured Products | 3,958 | 4,060 | |||||
Total | $ | 132,922 | $ | 132,194 | |||
(1) | Includes AUM of mutual funds registered under the Investment Company Act of 1940 and Undertakings for Collective Investments in Transferable Securities (UCITS) |
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. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs. Its affiliates include Ceredex Value Advisors, Duff & Phelps Investment Management, Kayne Anderson Rudnick Investment Management, Newfleet Asset Management, NFJ Investment Group, Seix Investment Advisors, Silvant Capital Management, Sustainable Growth Advisers, and Virtus ETF Solutions.
View original content to download multimedia:http://www.prnewswire.com/news-releases/virtus-investment-partners-reports-preliminary-january-31-2021-assets-under-management-301225321.html
SOURCE Virtus Investment Partners, Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.