Rajiv Jain Named 2012's Top International-Stock Fund Manager As Portfolio Manager of Virtus Mutual Funds

  Rajiv Jain Named 2012's Top International-Stock Fund Manager As Portfolio
                        Manager of Virtus Mutual Funds

Recognized by Morningstar for outstanding long-term, risk-adjusted performance

PR Newswire

HARTFORD, Conn., Jan. 3, 2013

HARTFORD, Conn., Jan. 3, 2013 /PRNewswire/ --Virtus Investment Partners, Inc.
(NASDAQ: VRTS), which operates a multi-manager asset management business,
today announced that Rajiv Jain of Vontobel Asset Management has been named
Morningstar's 2012 International-Stock Fund Manager of the Year (U.S) for his
outstanding long-term portfolio management of the Virtus Foreign Opportunities
Fund (Class A: JVIAX) and Virtus Emerging Markets Opportunities Fund (Class A:
HEMZX).

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

"Jain ... is an unconventional manager whose portfolios don't look much like
those of indexes or his peers," wrote Morningstar senior fund analyst Gregg
Wolper in an article on Morningstar.com. "He wants steady growers with
dominant positions in their fields [and] straightforward, understandable
business plans. In 2012, Jain's funds have benefited from an absence of stocks
suffering significant losses (outside of a few mining companies) as much as
the presence of big winners. Certainly, investor preference for defensive
types of companies helped the funds' returns for much of this year."

Vontobel Asset Management, which has subadvised Virtus funds since 2005,
employs a high-quality, benchmark-agnostic approach to portfolio management
that emphasizes companies over countries. Virtus' relationship with Vontobel
has grown from two funds with $120 million in assets under management to five
funds with more than $8 billion managed as of December 31, 2012.

"We congratulate Rajiv on this honor, which is a well-deserved recognition for
his distinguished, long-term track record of these two funds," said George R.
Aylward, president and chief executive officer of Virtus. "Morningstar's
acknowledgment of the quality and consistency of Rajiv's investment process
confirms the success of his approach to risk-controlled investing over full
market cycles. The international equity markets have been difficult to
navigate over the past five years, but Rajiv's steadfast approach has allowed
him to deliver top-tier performance for our fund shareholders."

The Virtus Foreign Opportunities Fund has a five-star rating in the
Morningstar Foreign Large Growth category, and has a top-decile rank for the
one-, three-, and ten-year periods, and a top quartile rank for the five-year
period. The Virtus Emerging Markets Opportunities Fund has a five star rating
in the Morningstar Diversified Emerging Markets category, and is ranked as a
top decile fund on a one-, three-, and five-year basis and as a top quartile
fund on a ten-year basis. (Data as of November 30, 2012.) Jain also manages
the Virtus Greater Asia ex Japan Opportunities Fund (Class A: VGAAX) and
co-manages the Virtus Global Opportunities Fund (Class A: NWWOX).

Established in 1988, the Morningstar Fund Manager of the Year award recognizes
portfolio managers who demonstrate excellent investment skill and the courage
to differ from the consensus to benefit investors. To qualify for the award,
managers' funds must have not only posted impressive returns for the year, but
the managers also must have a record of delivering outstanding long-term
risk-adjusted performance and of aligning their interests with shareholders'.
Nominated funds must be Morningstar Medalists—a fund that has garnered a
Morningstar Analyst Rating of Gold, Silver, or Bronze. The Fund Manager of the
Year award winners are chosen based on Morningstar's proprietary research and
in-depth qualitative evaluation by its fund analysts.

About Vontobel Asset Management
Vontobel Asset Management, Inc. is a global investment management firm
dedicated exclusively to managing long-only global equity portfolios.
Established in 1984, Vontobel has approximately $34 billion in assets under
management as of November 30, 2012. Vontobel serves both institutional and
intermediary clients, including some of the world's leading corporations and
public and private pension funds. Vontobel is a wholly-owned subsidiary of
Vontobel Holding AG and a sister company of Bank Vontobel AG, one of
Switzerland's foremost private banks for over eighty years. Vontobel Holding
AG is an exchange-listed Swiss company.

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 is available at www.virtus.com.

Morningstar Data as of 11/30/2012

                             Overall Star 3-Year Star 5-Year Star 10-Year Star
Fund  Category               Rating       Rating      Rating      Rating
                             Load    With Load   With Load   With Load    With
                             Waived  Load Waived Load Waived Load Waived  Load
JVIAX Foreign Large Growth   5       5    5      5    5      4    5       5
HEMZX Diversified Emerging   5       5    5      5    5      5    5       5
      Markets



Fund  Category                     Ranking/ Funds in Category
                                   1-Year 3-Year 5-Year 10-Year
JVIAX Foreign Large Growth         4/240  9/212  35/174 3/100
HEMZX Diversified Emerging Markets 51/552 3/355  5/249  20/150

Data sourced from Morningstar Essentials.

For each fund with at least a three-year history, Morningstar calculates a
Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that
accounts for variation in a fund's monthly performance (including the effect
of sales charges, loads, and redemption fees), placing more emphasis on
downward variation and rewarding consistent performance. The top 10% of funds
in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35%
receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1
star. The Overall Morningstar Rating™ for a fund is derived from a weighted
average of performance figures associated with its three-, five-, and ten-
year (if applicable) Morningstar Rating metrics. Load-waived star ratings do
not include any front-end sales load and are intended for those investors who
have access to those terms (e.g., for plan participants of a defined
contribution plan). Ratings are for Class A shares as shown only; other share
classes bear different fees and expenses, which affect performance.

©2013 Morningstar, Inc. All rights reserved. The information contained above
is (1) proprietary to Morningstar and/or its content providers; (2) may not be
copied or distributed; and (3) is not warranted to be accurate, complete, or
timely. Neither Morningstar nor its content providers are responsible for any
damages or losses arising from any use of this information.

Important risk considerations: The market price of equity securities may be
affected by financial market, industry, or issuer-specific events. Focus on a
particular style or on small or medium-sized companies may enhance that risk.
A fund that focuses its investments in a particular industry or sector will be
more sensitive to conditions that affect that industry or sector than a
non-concentrated fund. Investing internationally, especially in emerging
markets, involves additional risks such as currency, political, accounting,
economic, and market risk. A fund that focuses its investments in a particular
geographic location will be highly sensitive to financial, economic,
political, and other developments affecting the fiscal stability of that
location.

Strong ratings are not indicative of positive fund performance and past
performance is no guarantee of future results. For complete investment
performance, please visit www.virtus.com.

Please carefully consider a fund's investment objectives, risks, charges, and
expenses before investing. For this and other information about the Virtus
Mutual Funds, call 1-800-243-4361 or visit www.Virtus.com for a prospectus.
Read it carefully before you invest or send money.

Virtus Mutual Funds are distributed by VP Distributors, LLC, member FINRA and
subsidiary of Virtus Investment Partners, Inc.



SOURCE Virtus Investment Partners, Inc.

Website: http://www.virtus.com
Contact: Jacob Green, Kwittken & Company, +1-646-747-7145, jgreen@kwitco.com;
or Joe Fazzino, Virtus Investment Partners, +1-860-263-4725,
joe.fazzino@virtus.com
 
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