Business & Finance
Business and Finance
Business and Finance
Tue, January 8, 2013
Mon, January 7, 2013 Virtus Investment Partners Announces Fourth Quarter, Full Year Long-Term, Open-End Mutual Fund Flows and Assets
Virtus Investment Partners Announces Fourth Quarter, Full Year Long-Term, Open-End Mutual Fund... -- HARTFORD, Conn., Jan. 7, 2013 /PRNewswire/ --
HARTFORD, Conn., Jan. 7, 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 fourth quarter and full year of 2012:
($ millions) | Quarter Ending 12/31/12 | Year Ending 12/31/12 | |
Assets under management, beginning of period | $ 23,615.7 | $ 16,896.6 | |
Inflows | 3,393.4 | 12,340.9 | |
Outflows | (1,646.7) | (5,921.7) | |
Net Flows | 1,746.7 | 6,419.2 | |
Market Appreciation | 475.1 | 2,542.0 | |
Other (1) | (10.4) | (30.7) | |
Assets under management, end of period | $ 25,827.1 | $ 25,827.1 | |
(1) Includes dividend distributions, impact on assets from use of leverage | |||
Full-year sales of $12.3 billion represent an annual sales rate of 73 percent and full-year net flows of $6.4 billion represent an annual organic growth rate of 38 percent.
(Logo: [ http://photos.prnewswire.com/prnh/20121031/NE03346LOGO ] )
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.
RELATED LINKS
[ http://www.virtus.com ]
