Virtus Investment Partners Announces Fourth Quarter, Full Year Long-Term,
Open-End Mutual Fund Flows and Assets
HARTFORD, Conn., Jan. 7, 2013
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:
Quarter Ending Year Ending
Assets under management, beginning of $ 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 $ 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.
Contact: Joe Fazzino, +1-860-263-4725, email@example.com
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