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.
