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 $2.6 billion of other fee-earning assets, which are not included in assets under management.
Assets Under Management (unaudited) | ||||||||
($ in millions) | ||||||||
By Product Type: | December 31, 2023 | November 30, 2023 | September 30, 2023 | |||||
Open-End Funds (1) | $ | 56,062 | $ | 54,392 | $ | 54,145 | ||
Closed-End Funds | 10,026 | 9,810 | 9,472 | |||||
Retail Separate Accounts | 43,202 | 39,903 | 38,665 | |||||
Institutional Accounts (2) | 62,969 | 61,406 | 60,257 | |||||
Total | $ | 172,259 | $ | 165,511 | $ | 162,539 | ||
By Asset Class: | December 31, 2023 | November 30, 2023 | September 30, 2023 | |||||
Equity | $ | 96,703 | $ | 90,862 | $ | 87,984 | ||
Fixed Income | 37,192 | 37,109 | 37,352 | |||||
Multi-Asset (3) | 21,411 | 20,661 | 19,937 | |||||
Alternatives (4) | 16,953 | 16,879 | 17,266 | |||||
Total | $ | 172,259 | $ | 165,511 | $ | 162,539 | ||
(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 | ||
(3) | Consists of strategies and client accounts with substantial holdings in at least two of the following asset classes: equity, fixed income, and alternatives | ||
(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/
