Virtus Investment Partners Reports Preliminary July 31, 2022 Assets Under Management

Rhea-AI Summary

Virtus Investment Partners (NASDAQ: VRTS) reported preliminary assets under management of $163.0 billion as of July 31, 2022. This figure includes $3.1 billion in other fee-earning assets not accounted for in total AUM. The company's assets by product type indicate growth in open-end funds to $62.071 billion from $59.479 billion in June 2022, and institutional accounts increased to $52.430 billion from $50.048 billion. Overall, the preliminary total AUM rose significantly from $155.420 billion reported the prior month.

Positive

• Assets under management reached $163.0 billion as of July 31, 2022.
• Open-end funds increased to $62.071 billion, up from $59.479 billion in June 2022.
• Institutional accounts grew to $52.430 billion, up from $50.048 billion.

Negative

• None.

News Market Reaction – VRTS

+3.59%

+3.59% Session move

In the trading session that priced this news, VRTS gained 3.59%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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HARTFORD, Conn., Aug. 9, 2022 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $163.0 billion as of July 31, 2022. In addition, the company provided services to $3.1 billion of other fee-earning assets, which are not included in assets under management.

Assets Under Management (unaudited)
($ in millions)
By Product Type:	July 31, 2022		June 30, 2022
Open-End Funds (1)	$                  62,071		$                  59,479
Closed-End Funds	11,215		10,645
Retail Separate Accounts	37,259		35,248
Institutional Accounts (2)	52,430		50,048
Total	$                 162,975		$                 155,420

(1)   Represents assets under management of U.S. retail funds, global funds, exchange traded funds, and variable insurance funds

(2)   Represents assets under management of institutional separate and commingled accounts including structured products

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

What are the latest assets under management for Virtus Investment Partners (VRTS)?

As of July 31, 2022, Virtus Investment Partners reported preliminary assets under management of $163.0 billion.

How much did Virtus Investment Partners' open-end funds grow in July 2022?

Open-end funds grew to $62.071 billion as of July 31, 2022, up from $59.479 billion in June 2022.

Did Virtus Investment Partners see any growth in institutional accounts in July 2022?

Yes, institutional accounts increased to $52.430 billion as of July 31, 2022, from $50.048 billion in June 2022.