HARTFORD, Conn., April 8, 2013 /PRNewswire/ --Virtus Investment Partners, Inc. (NASDAQ: VRTS), which operates a multi-manager asset management business, today reported preliminary flows and assets under management for its long-term, open-end mutual funds for the first quarter of 2013:
($ millions) | Quarter Ending |
Assets under management, beginning of period | $ 25,827.1 |
Inflows | 5,710.6 |
Outflows | (2,155.0) |
Net Flows | 3,555.6 |
Market Appreciation | 1,098.4 |
Other (1) | 71.4 |
Assets under management, end of period | $ 30,552.5 |
(1) Includes dividend distributions and the impact on assets from use of leverage | |
Net flows for the quarter represent an annualized organic growth rate (net flows divided by beginning-of-period assets) of 56 percent.
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About Virtus Investment Partners
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. Virtus offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs, and provides products and services through affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process and individual brand. Its affiliated managers include Duff & Phelps Investment Management Co., Euclid Advisors LLC, Kayne Anderson Rudnick Investment Management, LLC, Newfleet Asset Management, LLC, Newfound Investments, LLC, Rampart Investment Management Co., LLC, and Zweig Advisers LLC. Additional information can be found at www.virtus.com.
SOURCE Virtus Investment Partners, Inc.
