Virtus Investment Partners Reports Preliminary January 31, 2024 Assets Under Management Of $171.1B
Author: Benzinga Newsdesk | February 12, 2024 05:27pm
Virtus Investment Partners, Inc. (NYSE:VRTS) today reported preliminary assets under management of $171.1 billion as of January 31, 2024. In addition, the company provided services to $2.6 billion of other fee-earning assets, which are not included in assets under management.
Assets Under Management (unaudited)
($ in millions)
By Product Type:
January 31, 2024
December 31, 2023
Open-End Funds (1)
$
55,601
$
56,062
Closed-End Funds
9,795
10,026
Retail Separate Accounts
43,084
43,202
Institutional Accounts (2)
62,669
62,969
Total
$
171,149
$
172,259
By Asset Class:
January 31, 2024
December 31, 2023
Equity
$
96,530
$
96,703
Fixed Income
36,779
37,192
Multi-Asset (3)
21,149
21,411
Alternatives (4)
16,691
16,953
Total
$
171,149
$
172,259
(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
(3)
Consists of strategies and client accounts with substantial holdings in at least two of the following asset classes: equity, fixed income, and alternatives
(4)
Consists of managed futures, event-driven, real estate securities, infrastructure, long/short, and other strategies
