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 $175.2 billion.
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Assets Under Management (unaudited)
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($ in millions)
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By Product Type:
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June 30, 2024
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May 31, 2024
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March 31, 2024
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Open-End Funds (1)
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$
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55,852
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$
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56,170
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$
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57,818
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Closed-End Funds
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9,915
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10,002
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10,064
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Retail Separate Accounts (2)
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45,672
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45,605
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46,816
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Institutional Accounts (3)
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62,146
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61,548
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64,613
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Total Assets Under Management
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$
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173,585
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$
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173,325
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$
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179,311
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By Asset Class:
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June 30, 2024
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May 31, 2024
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March 31, 2024
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Equity
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$
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99,224
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$
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98,353
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$
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103,501
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Fixed Income
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36,970
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36,758
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37,037
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Multi-Asset (4)
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21,060
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21,578
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21,975
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Alternatives (5)
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16,331
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16,636
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16,798
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Total Assets Under Management
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$
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173,585
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$
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173,325
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$
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179,311
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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) Includes strategies for which investment models are provided to managed account sponsors
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| (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 |
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(5) Consists of managed futures, event-driven, real estate securities, infrastructure, long/short, and other strategies
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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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