Virtus Investment Partners Reports Preliminary July 31, 2024 Assets Under Management Of $178.1B
Portfolio Pulse from Benzinga Newsdesk
Virtus Investment Partners (NYSE: VRTS) reported preliminary assets under management (AUM) of $178.1 billion as of July 31, 2024, reflecting market performance and positive net flows in retail separate accounts, partially offset by net outflows in institutional accounts and open-end funds.
August 12, 2024 | 8:26 pm
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Virtus Investment Partners reported preliminary AUM of $178.1 billion as of July 31, 2024, driven by market performance and positive net flows in retail separate accounts, partially offset by net outflows in institutional accounts and open-end funds.
The increase in AUM is a positive indicator for Virtus Investment Partners, suggesting effective asset management and favorable market conditions. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100