HARTFORD, Conn., April 13, 2020 /PRNewswire/ -- Virtus
Investment Partners, Inc. (NASDAQ: VRTS) today reported preliminary
long-term and total assets under management (AUM) as of
March 31, 2020 of $89.5 billion and $90.7
billion (including $1.2
billion of liquidity assets), respectively. The decline in
long-term AUM from December 31, 2019
reflected market depreciation and net outflows in mutual funds,
institutional accounts, and exchange traded funds, partially offset
by positive net flows in structured products and retail separate
accounts.
|
Assets Under
Management (unaudited)
|
|
($ in
millions)
|
|
Preliminary
|
|
Final
|
|
By Product
Type:
|
March 31,
2020
|
|
December 31,
2019
|
|
Long-Term:
|
|
|
|
|
Open-End Funds
(1)
|
$
|
33,498
|
|
|
$
|
42,870
|
|
|
Closed-End
Funds
|
5,343
|
|
|
6,748
|
|
|
Exchange Traded
Funds
|
480
|
|
|
1,156
|
|
|
Retail Separate
Accounts
|
17,660
|
|
|
20,414
|
|
|
Institutional
Accounts
|
28,210
|
|
|
32,635
|
|
|
Structured
Products
|
4,343
|
|
|
3,903
|
|
|
Total
Long-Term
|
89,534
|
|
|
107,726
|
|
|
|
|
|
|
Liquidity
(2)
|
1,160
|
|
|
1,178
|
|
|
Total
|
$
|
90,694
|
|
|
$
|
108,904
|
|
|
|
|
(1)
|
Includes AUM of
mutual funds registered under the Investment Company Act of 1940
and Undertakings for Collective Investments in Transferable
Securities (UCITS)
|
|
(2)
|
Represents AUM in
liquidity strategies, which reflect ultra-short duration fixed
income products in open-end funds and institutional
accounts
|
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. The company
provides investment management products and services through its
affiliated managers and select subadvisers, each with a distinct
investment style, autonomous investment process, and individual
brand. Virtus Investment Partners offers access to a variety of
investment styles across multiple disciplines to meet a wide array
of investor needs. Its affiliates include Ceredex Value Advisors,
Duff & Phelps Investment Management, Kayne Anderson Rudnick
Investment Management, Newfleet Asset Management, Rampart
Investment Management, Seix Investment Advisors, Silvant Capital
Management, Sustainable Growth Advisers, and Virtus ETF Advisers.
Additional information is available at virtus.com.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/virtus-investment-partners-reports-preliminary-march-31-2020-assets-under-management-301039053.html
SOURCE Virtus Investment Partners, Inc.