Virtus Investment Partners Announces Fourth Quarter, Full Year Long-Term, Open-End Mutual Fund Flows and Assets

HARTFORD, Conn., Jan. 9, 2014 /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 2013:

($ millions)

Quarter Ending

 12/31/13


Year Ending

 12/31/13





Assets under management, beginning of period

$          34,173.0


$          25,827.1





Inflows

4,101.1


19,137.6

Outflows

(3,249.4)


(10,991.7)

Net Flows

851.7


8,145.9





Market Appreciation

1,277.0


2,124.6

Other (1)

66.0


270.1

Assets under management, end of period

$          36,367.7


$          36,367.7


(1) Includes dividend distributions, marketable securities investments/(liquidations), and the impact on assets from use of leverage

 


Full-year sales of $19.1 billion represent an annual sales rate of 74 percent and full-year net flows of $8.1 billion represent an annual organic growth rate of 32 percent.

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 Cliffwater Investments, Duff & Phelps Investment Management, Euclid Advisors, Kayne Anderson Rudnick Investment Management, Kleinwort Benson Investors International,Newfleet Asset Management, Newfound Investments, Rampart Investment Management and Zweig Advisers. Additional information can be found at www.virtus.com.

(Logo: http://photos.prnewswire.com/prnh/20121031/NE03346LOGO )

SOURCE Virtus Investment Partners, Inc.



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http://www.virtus.com

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