Virtus Investment Partners Reports Preliminary September 30, 2022 Assets Under Management
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Rhea-AI Summary
Virtus Investment Partners reported preliminary assets under management of $145.0 billion as of September 30, 2022, reflecting a decrease from June 30, 2022 due to market depreciation and net outflows in various accounts, partially offset by positive net flows in closed-end funds. The company also managed an additional $2.5 billion in other fee-earning assets not included in the total. The breakdown shows open-end funds at $54.5 billion, closed-end funds at $10.1 billion, retail separate accounts at $33.4 billion, and institutional accounts at $47.0 billion.
Positive
- Closed-end funds showed positive net flows, indicating some investor confidence.
- The firm retains a substantial amount of fee-earning assets worth $2.5 billion.
Negative
- Total assets under management decreased from $157.8 billion in June 2022 to $145.0 billion.
- Net outflows occurred in open-end funds, institutional accounts, and retail separate accounts.
Details
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HARTFORD, Conn., Oct. 11, 2022 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of
Assets Under Management (unaudited) | |||||
($ in millions) | |||||
By Product Type: | September 30, 2022 | August 31, 2022 | June 30, 2022 | ||
Open-End Funds (1) | $ 54,454 | $ 59,895 | $ 59,479 | ||
Closed-End Funds | 10,146 | 10,999 | 10,645 | ||
Retail Separate Accounts | 33,381 | 36,108 | 35,248 | ||
Institutional Accounts (2) | 46,993 | 50,767 | 50,048 | ||
Total | $ 144,974 | $ 157,769 | $ 155,420 | ||
(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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