HARTFORD, Conn.--(BUSINESS WIRE)--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) | |||||
| 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.
Contacts
Sean Rourke
(860) 263-4709
sean.rourke@virtus.com
