The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Virtus Keeps Flows Positive Not Rated 4.0 Email Routing List Email & Route  Print Print
Tuesday, August 03, 2010

Virtus Keeps Flows Positive

Reported by Neil Anderson, Managing Editor

Even as the markets shook last quarter and money market yields stayed stubbornly low, Virtus Investment Partners maintained positive net inflows. Yesterday the Hartford, Connecticut-based former Phoenix unit revealed that it brought in $168.1 million in net inflows in the second quarter of 2010, up from $43.7 million in Q2 2009 but down from $407.2 million in Q2 2010.

Virtus suffered a net loss per diluted share of $0.08 for Q2 2010, following a $0.54 loss in Q2 2009 and a $0.03 profit in Q1 2010. Its AUM dipped from $25.6 billion on March 31, 2010 to $25.1 billion on June 30.

"While the broader equity markets were down 10 percent or more in the quarter, sales in the Virtus Mutual Funds remained strong," stated George Aylward, president and CEO. Virtus' non-money-market mutual funds brought in net flows of $266.9 million for Q2 2010. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use