08:32 AM EDT, 07/11/2024 (MT Newswires) -- Virtus Investment Partners ( VRTS ) reported preliminary assets under management Thursday of $173.59 billion as of June 30, up from $173.33 billion the previous month and down from $179.31 billion at the end of March.

The company attributed the decrease in AUM from March to market performance and net outflows due to institutional accounts and open-end funds, which were partially offset by positive net flows in retail separate accounts.

Equity assets accounted for $99.22 billion of the June AUM, followed by fixed income at $36.97 billion, multi-asset at $21.06 billion, and alternatives at $16.33 billion. The preliminary average AUM for the quarter was $175.2 billion, the company said.