05:26 PM EDT, 08/12/2024 (MT Newswires) -- Virtus Investment Partners ( VRTS ) reported late Monday that preliminary assets under management rose to $178.09 billion at the end of July from $173.59 billion the previous month.

The company attributed the increase in AUM mainly to market performance and positive net flows in retail separate accounts, partially countered by net outflows in institutional accounts and open-end funds.

Preliminary average AUM were $174.8 billion last month, Virtus said.