HARTFORD, Conn.--(BUSINESS WIRE)--
Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $154.8 billion as of March 31, 2023. The increase from December 31, 2022 primarily reflected market appreciation and net inflows in retail separate accounts, partially offset by net outflows in open-end funds and institutional accounts. In addition, the company provided services to $2.6 billion of other fee-earning assets, which are not included in assets under management.
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Assets Under Management1 (unaudited)
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($ in millions)
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By Product Type:
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March 31, 2023
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February 28, 2023
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December 31, 2022
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Open-End Funds (2)
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$
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53,865
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$
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54,261
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$
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53,000
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Closed-End Funds
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10,358
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10,266
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10,361
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Retail Separate Accounts
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37,397
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37,743
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35,352
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Institutional Accounts (3)
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53,229
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51,998
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50,663
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Total (1)
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$
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154,849
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$
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154,268
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$
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149,376
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| (1) |
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Excludes AUM of AlphaSimplex, which the company acquired on April 1, 2023
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| (2) |
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Represents assets under management of U.S. retail funds, global funds, exchange traded funds, and variable insurance funds
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| (3) |
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Represents assets under management of institutional separate and commingled accounts including structured products
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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.
Source: Virtus Investment Partners, Inc.