Virtus Investment Partners, Inc. (NYSE: VRTS) today reported preliminary assets under management (AUM) of $179.4 billion and other fee earning assets of $2.3 billion for total client assets of $181.7 billion as of October 31, 2024. The decrease in AUM from October 31, 2024 primarily reflects market performance and net outflows due to open-end funds and institutional accounts, partially offset by positive net flows in retail separate accounts. Preliminary average AUM for the quarter was $182.4 billion.
|
Assets Under Management (unaudited)
|
|
($ in millions)
|
|
|
|
|
|
|
By Product Type:
|
October 31, 2024
|
|
September 30, 2024
|
|
Open-End Funds (1)
|
$
|
56,625
|
|
$
|
58,100
|
|
Closed-End Funds
|
|
10,300
|
|
|
10,432
|
|
Retail Separate Accounts (2)
|
|
49,812
|
|
|
50,610
|
|
Institutional Accounts (3)
|
|
62,672
|
|
|
64,600
|
|
Total Assets Under Management
|
$
|
179,409
|
|
$
|
183,742
|
|
|
|
|
|
|
By Asset Class:
|
October 31, 2024
|
|
September 30, 2024
|
|
Equity
|
$
|
104,543
|
|
$
|
106,784
|
|
Fixed Income
|
|
38,177
|
|
|
39,014
|
|
Multi-Asset (4)
|
|
21,271
|
|
|
21,619
|
|
Alternatives (5)
|
|
15,418
|
|
|
16,325
|
|
Total Assets Under Management
|
$
|
179,409
|
|
$
|
183,742
|
|
(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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241112424065/en/