Virtus Investment Partners Reports Preliminary June 30, 2021 Assets Under Management
Rhea-AI Summary
Virtus Investment Partners (NASDAQ: VRTS) announced a preliminary total assets under management (AUM) of $178.6 billion as of June 30, 2021. This represents a notable increase from $175.5 billion on March 31, 2021, attributed to market appreciation and positive net flows across various accounts including retail separate accounts, institutional accounts, and ETFs. The company also manages $3.8 billion in other fee-earning assets not included in AUM figures.
Positive
- Increase in AUM to $178.6 billion from $175.5 billion since March 31, 2021.
- Positive net flows in retail separate accounts, institutional accounts, and exchange-traded funds.
- Management of an additional $3.8 billion in fee-earning assets.
Negative
- None.
News Market Reaction – VRTS
In the trading session that priced this news, VRTS declined 1.74%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HARTFORD, Conn., July 12, 2021 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary total assets under management (AUM) as of June 30, 2021 of
Assets Under Management (unaudited) | |||||||||||
($ in millions) | |||||||||||
By Product Type: | June 30, 2021 | May 31, 2021 | March 31, 2021 | ||||||||
Open-End Funds | $ | 75,333 | $ | 74,109 | $ | 72,164 | |||||
Closed-End Funds | 11,993 | 11,979 | 11,664 | ||||||||
Exchange Traded Funds | 1,260 | 1,161 | 1,021 | ||||||||
Retail Separate Accounts | 40,578 | 39,743 | 37,244 | ||||||||
Institutional Accounts | 45,604 | 44,701 | 42,802 | ||||||||
Structured Products | 3,870 | 3,853 | 3,985 | ||||||||
Total | $ | 178,638 | $ | 175,546 | $ | 168,880 | |||||
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.
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SOURCE Virtus Investment Partners, Inc.