HARTFORD - Virtus Investment Partners, Inc. (NYSE:VRTS), a company providing investment management products and services, announced a preliminary assets under management (AUM) total of $171.1 billion as of January 31, 2024. This figure marks a slight decrease from the $172.3 billion reported as of December 31, 2023.
The reported AUM includes investments across various product types. Open-end funds accounted for $55.6 billion, a slight dip from the previous month's $56.1 billion. Closed-end funds also saw a decrease, down to $9.8 billion from $10 billion. Retail separate accounts and institutional accounts stood at $43.1 billion and $62.7 billion, respectively, both experiencing marginal declines from the month before.
By asset class, equity remained the largest at $96.5 billion, though it saw a minor reduction from $96.7 billion at the end of December. Fixed income and multi-asset classes also experienced decreases, with fixed income dropping to $36.8 billion from $37.2 billion, and multi-asset coming in at $21.1 billion, down from $21.4 billion. Alternatives, which include strategies like managed futures and real estate securities, reduced to $16.7 billion from $16.9 billion.
In addition to managing these assets, Virtus also provided services to $2.6 billion of other fee-earning assets, which are not considered part of the AUM.
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