Q2 2025 Virtus Investment Partners Inc Earnings Call Transcript
Key Points
- Assets under management grew by 2% in the quarter, benefiting from market rebound.
- Higher earnings per share and operating margin were reported.
- Continued positive net flows in ETFs with an organic growth rate of 74% over the trailing 12 months.
- Strong long-term relative investment performance with 74% of equity assets and 69% of fixed income assets beating their benchmarks over a 10-year period.
- Highest level of share repurchases in three years, contributing to a 3% reduction in share count.
- Net outflows of $3.9 billion were largely in equity strategies.
- Sales declined to $5.6 billion from $6.2 billion in the first quarter.
- Operating income decreased by 7% due to lower average assets under management.
- Institutional net outflows increased to $2.2 billion, driven by quality-oriented large cap growth.
- The average fee rate decreased, reflecting a mix of asset classes with relatively stronger flows in fixed income strategies.
Good morning. My name is Dee Dee, and I will be your conference operator today. I would like to welcome everyone to the Veruss Investment Partners quarterly conference call. The slide presentation for this call is available in the investor relations section of the Virtus website www.ertis.com.
I will now turn the conference to your host Sean Rourke.
Thanks, Dee and good morning, everyone. On behalf of Verdus Investment Partners, I'd like to welcome you to the discussion of our operating and financial results for the second quarter of 2025. Our speakers today are George Aylward, President and CEO, and Michael Angerthal, Chief Financial Officer.
Following the prepared remarks, we'll have a Q&A period. Before we begin, please note the disclosures on page 2 of the slide presentation. Certain matters discussed on this call may contain forward-looking statements within the meaning of the Private
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