HARTFORD, Conn., Jan. 11, 2023 /PRNewswire/ -- Virtus Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary assets under management of $149.4 billion as of December 31, 2022. The increase from September 30, 2022 primarily reflected market appreciation and net inflows in institutional accounts, partially offset by net outflows in open-end funds and retail separate accounts. In addition, the company provided services to $2.5 billion of other fee-earning assets, which are not included in assets under management.
Assets Under Management (unaudited) |
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($ in millions) |
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By Product Type: |
December 31, 2022 |
November 30, 2022 |
September 30, 2022 |
||
Open-End Funds (1) |
$ 53,000 |
$ 56,744 |
$ 54,454 |
||
Closed-End Funds |
10,361 |
10,812 |
10,146 |
||
Retail Separate Accounts |
35,352 |
36,919 |
33,381 |
||
Institutional Accounts (2) |
50,663 |
52,698 |
46,993 |
||
Total |
$ 149,376 |
$ 157,173 |
$ 144,974 |
(1) |
Represents assets under management of U.S. retail funds, global funds, exchange traded funds, and variable insurance funds |
(2) |
Represents assets under management of institutional separate and commingled accounts including structured products |
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NASDAQ: 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.
SOURCE Virtus Investment Partners, Inc.
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