Virtus Investment Partners Reports Preliminary May 31, 2021 Assets Under Management

Virtus Investment Partners (NASDAQ: VRTS) announced total assets under management (AUM) of $175.5 billion as of May 31, 2021.

Rhea-AI Summary

Virtus Investment Partners (NASDAQ: VRTS) announced total assets under management (AUM) of $175.5 billion as of May 31, 2021. This includes $3.7 billion in other fee-earning assets not counted in AUM. AUM by product type includes $74.1 billion in open-end funds, $12.0 billion in closed-end funds, $1.2 billion in ETFs, and $39.7 billion in retail separate accounts. This reflects a slight decrease from $176.2 billion reported at the end of April 2021.

Positive

• Total assets under management of $175.5 billion as of May 31, 2021.
• Managed $3.7 billion in additional fee-earning assets.

Negative

• Decrease from $176.2 billion in AUM reported at the end of April 2021.
• Decline in open-end funds from $74.8 billion to $74.1 billion.

Argus Session date unavailable

+0.87% session move Open Argus

Details

News Market Reaction – VRTS

The recorded move for VRTS in the trading session of this news was +0.87%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

HARTFORD, Conn., June 9, 2021 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported total assets under management (AUM) as of May 31, 2021 of $175.5 billion. In addition, the company provided services to $3.7 billion of other fee-earning assets that are not included in assets under management.

Assets Under Management (unaudited)
($ in millions)
By Product Type:	May 31, 2021				April 30, 2021
Open-End Funds	$	74,109			$	74,810
Closed-End Funds	11,979				12,024
Exchange Traded Funds	1,161				1,143
Retail Separate Accounts	39,743				39,755
Institutional Accounts	44,701				44,666
Structured Products	3,853				3,844
Total	$	175,546			$	176,242

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-may-31-2021-assets-under-management-301309412.html

SOURCE Virtus Investment Partners, Inc.

FAQ

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

What are the total assets under management for VRTS?

As of May 31, 2021, Virtus Investment Partners reported total assets under management of $175.5 billion.

What was the change in AUM for Virtus Investment Partners from April to May 2021?

The AUM decreased from $176.2 billion in April 2021 to $175.5 billion in May 2021.

How much were the fee-earning assets managed by VRTS?

Virtus Investment Partners managed an additional $3.7 billion in fee-earning assets not included in AUM.

What is the AUM of open-end funds for VRTS as of May 31, 2021?

The AUM for open-end funds was $74.1 billion as of May 31, 2021.

What were the AUM figures for closed-end funds for VRTS?

The AUM for closed-end funds was $11.979 billion as of May 31, 2021.