Q3 2025 Virtus Investment Partners Inc Earnings Call Transcript
Key Points
- Virtus Investment Partners Inc (VRTS) reported solid financial results for the third quarter, supported by higher average assets under management and favorable market momentum.
- The company achieved strong growth in ETF assets, with a 79% increase over the prior year, reaching $4.7 billion.
- Positive net flows were recorded in both fixed income and alternative strategies, indicating strong investment performance.
- Virtus Investment Partners Inc (VRTS) increased its quarterly dividend for the eighth consecutive year, demonstrating a commitment to returning capital to shareholders.
- The company completed a debt refinancing, providing significant liquidity and flexibility to invest in the business and return capital to shareholders.
- Virtus Investment Partners Inc (VRTS) experienced net outflows, particularly in quality-oriented equity strategies, which faced headwinds in a market environment favoring momentum.
- Total assets under management were $169 billion at the end of the quarter, modestly below the prior quarter level due to net outflows.
- The company reported a decrease in earnings per share, as adjusted, by 3% compared to the prior year period due to lower average assets.
- Institutional net outflows of $1.5 billion were recorded, although improved from the previous quarter.
- The company faced challenges in the US retail mutual fund sector, with continued headwinds and net outflows.
Good morning. My name is Dei, 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 Vertus website www. Vertus.com.
This call is being recorded and will be available for replay on the Verus website at this time. All participants are in a listen-only mode. After the speaker's remarks, there will be a question-and-answer period, and instructions will follow at that time. I will now turn the conference to your host Sean Rourke.
Thanks, TD and good morning everyone. On behalf of Verdus Investment Partners, I'd like to welcome you to the discussion of our operating of financial results for the 3rd quarter of 2025. Our speakers today are George Elward, President and CEO, and Mike Angerthal, Chief Financial Officer.
Following their prepared remarks, we'll have a Q&A period. Before we begin, please note the
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