Assets are flowing into the mutual fund family advised by Virtus Investment Partners
]. The Hartford, Connecticut-based fund family reported that the total AUM in its long-term, open-end mutual funds rose by $1.171 billion during the second quarter. [press release
That figure includes $2.75 billion in inflows, $1.36 billion in redemptions, and $253.3 million in market depreciation.
The strong flows came as Virtus is also building out its mutual fund family. Last month, the firm announced
that it will be adding five new mutual funds to its portfolio.
The Virtus Emerging Market Opportunities
A Fund has outperformed
the emerging markets ETF for all years except 2009.
The firm declined to comment on its preliminary flows and AUM for the second quarter when contacted by MFWire this afternoon.
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