Virtus Investment (VRTS) reported preliminary assets under management of $170.8B and other fee earning assets of $1.8B for total client assets of $172.6B as of July 31. The change in AUM from June 30 reflects market performance and positive net flows in exchange-traded funds and institutional accounts, partially offset by net outflows in U.S. retail funds, retail separate accounts and global funds.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VRTS:
- Cautious Outlook on Virtus Investment Partners: Sell Rating Amid Limited Upside and Revenue Growth Challenges
- Virtus Investment Partners’ Earnings Call Highlights Growth and Challenges
- Virtus Investment reports Q2 adjusted EPS $6.25, consensus $6.21
- VRTS Upcoming Earnings Report: What to Expect?
- Virtus Investment price target raised to $234 from $211 at Piper Sandler