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Virtus Investment Partners Reports Preliminary October 31, 2023 Assets Under Management
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Rhea-AI Summary
Virtus Investment Partners, Inc. (NASDAQ: VRTS) reported preliminary assets under management of $155.8 billion as of October 31, 2023. The company also provided services to $2.4 billion of other fee-earning assets. The breakdown by product type shows a decrease in assets under management from September 30, 2023, to October 31, 2023, with open-end funds, closed-end funds, retail separate accounts, and institutional accounts all experiencing declines.
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HARTFORD, Conn.--(BUSINESS WIRE)--
Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $155.8 billion as of October 31, 2023. In addition, the company provided services to $2.4 billion of other fee-earning assets, which are not included in assets under management.
Assets Under Management (unaudited)
($ in millions)
By Product Type:
October 31, 2023
September 30, 2023
Open-End Funds (1)
$
51,800
$
54,145
Closed-End Funds
9,267
9,472
Retail Separate Accounts
36,818
38,665
Institutional Accounts (2)
57,938
60,257
Total
$
155,823
$
162,539
(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.
What are the preliminary assets under management reported by Virtus Investment Partners, Inc. (NASDAQ: VRTS)?
Virtus Investment Partners, Inc. (NASDAQ: VRTS) reported preliminary assets under management of $155.8 billion as of October 31, 2023.
What is the breakdown of assets under management by product type for Virtus Investment Partners, Inc. (NASDAQ: VRTS)?
The breakdown by product type shows a decrease in assets under management from September 30, 2023, to October 31, 2023, with open-end funds, closed-end funds, retail separate accounts, and institutional accounts all experiencing declines.
What are the other fee-earning assets provided by Virtus Investment Partners, Inc. (NASDAQ: VRTS)?
The company provided services to $2.4 billion of other fee-earning assets, which are not included in assets under management.
in latin, virtus connotes the characteristics of integrity, quality and strength. those are the traits we stand for today as an investment management provider and the traits that will define us in the future. virtus investment partners provides investment management products and services to individuals and institutions. we operate a multi-manager asset management business, comprising a number of individual affiliated managers, each with a distinct investment style, autonomous investment process and individual brand. we clearly understand the responsibility we have to our clients and we are committed to their success as investors. for important disclaimers, go to https://www.virtus.com/social-media-guidelines
