Virtus Investment Partners Reports Preliminary March 31, 2021 Assets Under Management
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Rhea-AI Summary
Virtus Investment Partners (NASDAQ: VRTS) announced total assets under management (AUM) of $168.9 billion as of March 31, 2021, marking an increase attributed to a $29.5 billion inflow from its strategic partnership with Allianz Global Investors, alongside market appreciation and positive net flows. The company also reported $3.4 billion in additional fee-earning assets outside of AUM. The AUM figures for key product types include $72.164 billion in open-end funds and $37.244 billion in retail separate accounts.
Positive
- Total assets under management increased to $168.9 billion, a significant rise from previous metrics.
- $29.5 billion of AUM growth attributed to a strategic alliance with Allianz Global Investors.
- Positive net flows observed across various investment products.
Negative
- Decrease in open-end funds from $72.643 billion (Feb 2021) to $72.164 billion (Mar 2021).
- Slight reduction in closed-end funds from $11.432 billion (Feb 2021) to $11.664 billion (Mar 2021).
Details
News Market Reaction – VRTS
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HARTFORD, Conn., April 12, 2021 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported total assets under management (AUM) as of March 31, 2021 of
Assets Under Management (unaudited) | |||||||||||
($ in millions) | |||||||||||
By Product Type: | March 31, 2021 | February 28, 2021 | December 31, 2020 | ||||||||
Open-End Funds | $ | 72,164 | $ | 72,643 | $ | 50,771 | |||||
Closed-End Funds | 11,664 | 11,432 | 5,914 | ||||||||
Exchange Traded Funds | 1,021 | 889 | 837 | ||||||||
Retail Separate Accounts | 37,244 | 35,434 | 29,751 | ||||||||
Institutional Accounts | 42,802 | 42,200 | 40,861 | ||||||||
Structured Products | 3,985 | 3,974 | 4,060 | ||||||||
Total | $ | 168,880 | $ | 166,572 | $ | 132,194 | |||||
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.
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