Contacts
Sean Rourke
(860) 263-4709
sean.rourke@virtus.com
Virtus Investment Partners, Inc. (NASDAQ:VRTS) today reported preliminary assets under management of $172.3 billion as of December 31, 2023. The increase from September 30, 2023 primarily reflects market performance 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 $2.6 billion of other fee-earning assets, which are not included in assets under management.
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Assets Under Management (unaudited) |
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($ in millions) |
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By Product Type: |
December 31, 2023 |
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November 30, 2023 |
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September 30, 2023 |
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Open-End Funds (1) |
$ |
56,062 |
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$ |
54,392 |
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$ |
54,145 |
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Closed-End Funds |
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10,026 |
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|
9,810 |
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|
9,472 |
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Retail Separate Accounts |
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43,202 |
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39,903 |
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|
38,665 |
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Institutional Accounts (2) |
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62,969 |
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|
61,406 |
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|
60,257 |
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Total |
$ |
172,259 |
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$ |
165,511 |
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$ |
162,539 |
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By Asset Class: |
December 31, 2023 |
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November 30, 2023 |
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September 30, 2023 |
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Equity |
$ |
96,703 |
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$ |
90,862 |
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$ |
87,984 |
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Fixed Income |
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37,192 |
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|
37,109 |
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|
37,352 |
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Multi-Asset (3) |
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21,411 |
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|
20,661 |
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|
19,937 |
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Alternatives (4) |
|
16,953 |
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|
16,879 |
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|
17,266 |
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Total |
$ |
172,259 |
|
$ |
165,511 |
|
$ |
162,539 |
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(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 (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/20240110486502/en/
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