Virtus Investment (VRTS) reported preliminary assets under management of $170.7B and other fee earning assets of $1.8B for total client assets of $172.5B as of June 30. The increase in AUM from March 31 reflects market performance and positive net flows in exchange-traded funds, partially offset by net outflows in institutional accounts, U.S. retail funds, retail separate accounts and global funds. Preliminary average AUM for the quarter was $167B.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VRTS: