Business & Finance
Business and Finance
Business and Finance
Tue, October 9, 2012
Mon, October 8, 2012 Virtus Investment Partners Announces Third Quarter Long-Term, Open-End Mutual Fund Flows and Assets
Virtus Investment Partners Announces Third Quarter Long-Term, Open-End Mutual Fund Flows and... -- HARTFORD, Conn., Oct. 8, 2012 /PRNewswire/ --
Virtus Investment Partners Announces Third Quarter Long-Term, Open-End Mutual Fund Flows and Assets
HARTFORD, Conn., Oct. 8, 2012 /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 third quarter of 2012:
($ millions) | Quarter Ending 9/30/12 |
Assets under management, beginning of period | $ 21,126.1 |
Inflows | 3,304.8 |
Outflows | (1,708.9) |
Net Flows | 1,595.9 |
Other (1) | (18.2) |
Market Appreciation | 911.9 |
Assets under management, end of period | $ 23,615.7 |
(1) Includes dividend distributions, impact on assets from use of leverage | |
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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. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process and individual brand. Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs. 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.
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