Virtus Investment Partners, Inc. (NYSE: VRTS) today reported preliminary assets under management (AUM) of $173.6 billion and other fee earning assets of $2.6 billion for total client assets of $176.2 billion as of June 30, 2024. The decrease in AUM from March 31, 2024 primarily reflects market performance and net outflows due to institutional accounts and open-end funds, partially offset by positive net flows in retail separate accounts. Preliminary average AUM for the quarter was $175.2 billion.
Assets Under Management (unaudited) | ||||||||
($ in millions) | ||||||||
By Product Type: | June 30, 2024 | May 31, 2024 | March 31, 2024 | |||||
Open-End Funds (1) | $ | 55,852 | $ | 56,170 | $ | 57,818 | ||
Closed-End Funds | 9,915 | 10,002 | 10,064 | |||||
Retail Separate Accounts (2) | 45,672 | 45,605 | 46,816 | |||||
Institutional Accounts (3) | 62,146 | 61,548 | 64,613 | |||||
Total Assets Under Management | $ | 173,585 | $ | 173,325 | $ | 179,311 | ||
By Asset Class: | June 30, 2024 | May 31, 2024 | March 31, 2024 | |||||
Equity | $ | 99,224 | $ | 98,353 | $ | 103,501 | ||
Fixed Income | 36,970 | 36,758 | 37,037 | |||||
Multi-Asset (4) | 21,060 | 21,578 | 21,975 | |||||
Alternatives (5) | 16,331 | 16,636 | 16,798 | |||||
Total Assets Under Management | $ | 173,585 | $ | 173,325 | $ | 179,311 | ||
| (1) Represents assets under management of U.S. retail funds, global funds, exchange-traded funds, and variable insurance funds | ||||||||
(2) Includes strategies for which investment models are provided to managed account sponsors | ||||||||
| (3) Represents assets under management of institutional separate and commingled accounts including structured products | ||||||||
| (4) Consists of multi-asset offerings not included in equity, fixed income, and alternatives | ||||||||
(5) Consists of managed futures, event-driven, real estate securities, infrastructure, long/short, and other strategies | ||||||||
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NYSE: 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.
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