Virtus Investment Partners Reports Lower AUM in July
MT Newswires Live
Aug 12
Virtus Investment Partners (VRTS) on Wednesday reported preliminary assets under management of $148.87 billion as of July 31, down from $152.16 billion at the end of June.
The investment manager also reported $1.7 billion in other fee-earning assets, bringing total client assets to $150.6 billion.
The month-over-month decline in AUM reflected market performance and net outflows across retail separate accounts, institutional accounts, US retail funds and global funds, the company said.
These outflows were partially offset by positive net flows in exchange-traded funds and tender offer funds, it added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.