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Virtus Investment (VRTS) November AUM Down 1.5% Sequentially
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Virtus Investment Partners, Inc. (VRTS - Free Report) recorded a sequential decrease in the preliminary assets under management (AUM) balance for November 2021 due to unfavorable markets. The total AUM of $184.5 billion reflects a 1.5% fall from $187.4 billion recorded on Oct 31, 2021.
Additionally, Virtus Investment provided services to $3.7 billion of other fee-earning assets. These are not included in the above-mentioned AUM balance.
At November-end, Virtus Investment’s Open-End Funds balance fell 2.8% from October-end to $77.6 billion. Exchange Traded Funds and Retail Separate Accounts balances of $1.4 billion and $43.2 billion each decreased marginally from the respective prior-month figures.
Further, Institutional Accounts balance decreased marginally to $46.7 billion. Also, Closed-End Funds balance dipped 2.3% sequentially to $11.9 billion. Nonetheless, Structured Products balance increased marginally to $3.7 billion at November-end.
Sound positioning of Virtus Investment’s integrated multi-boutique business model in a rapidly growing industry and an effective distribution platform might support its performance.
Virtus Investment stock's dip of 1% has been narrower than the industry’s fall of 5.6% over the past six months.
Some other firms that released monthly data are T. Rowe Price Group, Inc. (TROW - Free Report) , Artisan Partners Asset Management Inc. (APAM - Free Report) and Franklin Resources (BEN - Free Report) . At present, T. Rowe Price and Artisan Partners have a Zacks Rank of 3, while Franklin Resources carries a Zacks Rank #2 (Buy) at present.
TROW reported a preliminary AUM of $1.63 trillion as of Nov 30, 2021. This reflects a 2.6% decrease from the prior month’s $1.67 trillion.
APAM reported a preliminary AUM of $169.2 billion as of Nov 30, 2021. Artisan Funds and Artisan Global Funds aggregated $82.2 billion of the total AUM, while separate accounts and other AUM accounted for $87 billion.
BEN recorded a preliminary AUM balance of $ 1,546.8 billion for November 2021. This highlighted a marginal decline from $1,561.7 billion recorded as of Oct 31, 2021.
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Virtus Investment (VRTS) November AUM Down 1.5% Sequentially
Virtus Investment Partners, Inc. (VRTS - Free Report) recorded a sequential decrease in the preliminary assets under management (AUM) balance for November 2021 due to unfavorable markets. The total AUM of $184.5 billion reflects a 1.5% fall from $187.4 billion recorded on Oct 31, 2021.
Additionally, Virtus Investment provided services to $3.7 billion of other fee-earning assets. These are not included in the above-mentioned AUM balance.
At November-end, Virtus Investment’s Open-End Funds balance fell 2.8% from October-end to $77.6 billion. Exchange Traded Funds and Retail Separate Accounts balances of $1.4 billion and $43.2 billion each decreased marginally from the respective prior-month figures.
Further, Institutional Accounts balance decreased marginally to $46.7 billion. Also, Closed-End Funds balance dipped 2.3% sequentially to $11.9 billion.
Nonetheless, Structured Products balance increased marginally to $3.7 billion at November-end.
Sound positioning of Virtus Investment’s integrated multi-boutique business model in a rapidly growing industry and an effective distribution platform might support its performance.
Virtus Investment stock's dip of 1% has been narrower than the industry’s fall of 5.6% over the past six months.
Currently, Virtus Investment carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Asset Managers
Some other firms that released monthly data are T. Rowe Price Group, Inc. (TROW - Free Report) , Artisan Partners Asset Management Inc. (APAM - Free Report) and Franklin Resources (BEN - Free Report) . At present, T. Rowe Price and Artisan Partners have a Zacks Rank of 3, while Franklin Resources carries a Zacks Rank #2 (Buy) at present.
TROW reported a preliminary AUM of $1.63 trillion as of Nov 30, 2021. This reflects a 2.6% decrease from the prior month’s $1.67 trillion.
APAM reported a preliminary AUM of $169.2 billion as of Nov 30, 2021. Artisan Funds and Artisan Global Funds aggregated $82.2 billion of the total AUM, while separate accounts and other AUM accounted for $87 billion.
BEN recorded a preliminary AUM balance of $ 1,546.8 billion for November 2021. This highlighted a marginal decline from $1,561.7 billion recorded as of Oct 31, 2021.