Virtus Investment Partners, Inc. (NYSE: VRTS) today reported preliminary assets under management of $179.3 billion as of March 31, 2024. The increase from December 31, 2023 primarily reflects market performance and net inflows in retail separate accounts, partially offset by net outflows in institutional accounts and open-end funds. In addition, the company provided services to $2.7 billion of other fee-earning assets, which are not included in assets under management.
Assets Under Management (unaudited) |
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($ in millions) |
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By Product Type: |
March 31, 2024 |
|
February 29, 2024 |
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December 31, 2023 |
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Open-End Funds (1) |
$ |
57,818 |
|
$ |
56,984 |
|
$ |
56,062 |
Closed-End Funds |
|
10,064 |
|
|
9,856 |
|
|
10,026 |
Retail Separate Accounts |
|
46,816 |
|
|
45,327 |
|
|
43,202 |
Institutional Accounts (2) |
|
64,613 |
|
|
63,939 |
|
|
62,969 |
Total |
$ |
179,311 |
|
$ |
176,106 |
|
$ |
172,259 |
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|
|
|
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By Asset Class: |
March 31, 2024 |
|
February 29, 2024 |
|
December 31, 2023 |
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Equity |
$ |
103,501 |
|
$ |
101,336 |
|
$ |
96,703 |
Fixed Income |
|
37,037 |
|
|
36,712 |
|
|
37,192 |
Multi-Asset (3) |
|
21,975 |
|
|
21,613 |
|
|
21,411 |
Alternatives (4) |
|
16,798 |
|
|
16,445 |
|
|
16,953 |
Total |
$ |
179,311 |
|
$ |
176,106 |
|
$ |
172,259 |
(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 |
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(3) |
Consists of strategies and client accounts with substantial holdings in at least two of the following asset classes: equity, fixed income, and alternatives |
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(4) |
Consists of managed futures, event-driven, real estate securities, infrastructure, long/short, and other strategies |
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NYSE: 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/20240409459221/en/
Contacts
Sean Rourke
(860) 263-4709
sean.rourke@virtus.com
