Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $168.3 billion as of June 30, 2023. The increase from March 31, 2023 primarily reflected the addition of $7.8 billion of assets from the acquisition of AlphaSimplex Group, LLC, market appreciation, and institutional net inflows, partially offset by net outflows in open-end funds. In addition, the company provided services to $2.6 billion of other fee-earning assets, which are not included in assets under management.
Assets Under Management (unaudited) |
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($ in millions) |
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By Product Type: |
June 30, 2023 |
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May 31, 2023 |
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March 31, 2023 |
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Open-End Funds (1) |
$ |
56,828 |
|
$ |
55,038 |
|
$ |
53,865 |
Closed-End Funds |
|
10,166 |
|
|
9,965 |
|
|
10,358 |
Retail Separate Accounts |
|
38,992 |
|
|
36,622 |
|
|
37,397 |
Institutional Accounts (2) |
|
62,330 |
|
|
59,282 |
|
|
53,229 |
Total |
$ |
168,316 |
|
$ |
160,907 |
|
$ |
154,849 |
(1) Represents assets under management of U.S. retail funds, global funds, exchange traded funds, and variable insurance funds |
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| (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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230712220445/en/
Contacts
Sean Rourke
(860) 263-4709
sean.rourke@virtus.com
