Virtus Investment Partners Reports Preliminary October 31, 2022 Assets Under Management
Virtus Investment Partners reported preliminary assets under management of $149.5 billion as of October 31, 2022, an increase from $144.97 billion in September 2022.
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Rhea-AI Summary
Virtus Investment Partners reported preliminary assets under management of $149.5 billion as of October 31, 2022, an increase from $144.97 billion in September 2022. The company also manages additional fee-earning assets totaling $2.5 billion. Breakdown by product type reveals open-end funds at $55.39 billion, closed-end funds at $10.46 billion, retail separate accounts at $35.23 billion, and institutional accounts at $48.42 billion, indicating overall growth in managed assets.
Positive
- Increase in assets under management from $144.97 billion to $149.5 billion.
- Additional fee-earning assets of $2.5 billion.
Negative
- None.
Details
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HARTFORD, Conn., Nov. 9, 2022 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of
Assets Under Management (unaudited) | |||
($ in millions) | |||
By Product Type: | October 31, 2022 | September 30, 2022 | |
Open-End Funds (1) | $ 55,394 | $ 54,454 | |
Closed-End Funds | 10,458 | 10,146 | |
Retail Separate Accounts | 35,227 | 33,381 | |
Institutional Accounts (2) | 48,418 | 46,993 | |
Total | $ 149,497 | $ 144,974 | |
(1) | Represents assets under management of U.S. retail funds, global funds, exchange traded funds, and variable insurance funds |
(2) | Represents assets under management of institutional separate and commingled accounts including structured products |
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. We provide investment management products and services from our affiliated managers, each with a distinct investment style and autonomous investment process, as well as select subadvisers. Investment solutions are available across multiple disciplines and product types to meet a wide array of investor needs. Additional information about our firm, investment partners, and strategies is available at virtus.com.
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SOURCE Virtus Investment Partners, Inc.
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