Virtus Investment Partners Reports Preliminary October 31, 2020 Assets Under Management
Virtus Investment Partners reported preliminary assets under management (AUM) totaling $116.6 billion as of October 31, 2020, including $1.4 billion in liquidity assets.
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Rhea-AI Summary
Virtus Investment Partners reported preliminary assets under management (AUM) totaling $116.6 billion as of October 31, 2020, including $1.4 billion in liquidity assets. Long-term AUM reached $115.2 billion, reflecting growth across various fund types. Notable figures include $43.6 billion in open-end funds and $25.2 billion in retail separate accounts. Compared to September 30, 2020, total AUM increased marginally from $116.5 billion.
Positive
- Total AUM increased to $116.6 billion, up from $116.5 billion in the prior month.
- Long-term AUM rose to $115.2 billion, indicating continued growth.
Negative
- No significant negative aspects mentioned.
Details
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HARTFORD, Conn., Nov. 10, 2020 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary long-term and total assets under management (AUM) as of October 31, 2020 of
Assets Under Management (unaudited) | |||||||
($ in millions) | |||||||
By Product Type: | October 31, 2020 | September 30, 2020 | |||||
Long-Term: | |||||||
Open-End Funds (1) | $ | 43,582 | $ | 43,369 | |||
Closed-End Funds | 5,697 | 5,629 | |||||
Exchange Traded Funds | 547 | 543 | |||||
Retail Separate Accounts | 25,162 | 24,727 | |||||
Institutional Accounts | 36,125 | 36,596 | |||||
Structured Products | 4,048 | 4,163 | |||||
Total Long-Term | 115,161 | 115,027 | |||||
Liquidity (2) | 1,395 | 1,460 | |||||
Total | $ | 116,556 | $ | 116,487 | |||
(1) | Includes AUM of mutual funds registered under the Investment Company Act of 1940 and Undertakings for Collective Investments in Transferable Securities (UCITS) |
(2) | Represents AUM in liquidity strategies, which reflect ultra-short duration fixed income products in open-end funds and institutional accounts |
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, 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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