Virtus Investment Partners Reports Preliminary November 30, 2021 Assets Under Management
Virtus Investment Partners reported preliminary assets under management (AUM) of $184.5 billion as of November 30, 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 preliminary assets under management (AUM) of $184.5 billion as of November 30, 2021. The company also manages $3.7 billion in other fee-earning assets not included in AUM. The breakdown of AUM by product type shows a decrease in open-end funds from $79.875 billion in October to $77.609 billion in November. Institutional accounts and structured products, however, showed stability with minimal fluctuations. This reporting offers insights into Virtus' investment management performance.
Positive
- Preliminary AUM of $184.5 billion indicates solid market presence.
- Total fee-earning assets of $3.7 billion showcase additional revenue potential.
- Institutional accounts remained stable at $46.731 billion.
Negative
- Open-end funds decreased from $79.875 billion to $77.609 billion, indicating potential outflows.
Details
News Market Reaction – VRTS
The recorded move for VRTS in the trading session of this news was -0.28%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HARTFORD, Conn., Dec. 9, 2021 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management (AUM) as of November 30, 2021 of
Assets Under Management (unaudited) | |||||||
($ in millions) | |||||||
By Product Type: | November 30, 2021 | October 31, 2021 | |||||
Open-End Funds | $ | 77,609 | $ | 79,875 | |||
Closed-End Funds | 11,895 | 12,177 | |||||
Exchange Traded Funds | 1,376 | 1,383 | |||||
Retail Separate Accounts | 43,192 | 43,308 | |||||
Institutional Accounts | 46,731 | 46,935 | |||||
Structured Products | 3,720 | 3,711 | |||||
Total | $ | 184,523 | $ | 187,389 | |||
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, Virtus ETF Solutions, and Westchester Capital Management.
View original content to download multimedia:https://www.prnewswire.com/news-releases/virtus-investment-partners-reports-preliminary-november-30-2021-assets-under-management-301441748.html
SOURCE Virtus Investment Partners, Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.