Strong Investment Performance
Over 70% of equity strategies beat their benchmarks in the first quarter. Additionally, 74% of equity assets met benchmarks over a ten-year period, and Virtus was ranked as the number two top fund family for the ten-year period by Barron's.
Positive Net Flows in ETFs
ETFs saw continued strong positive net flows of $0.3 billion. Over the past year, ETFs generated an organic growth rate of 73%.
Increased Earnings Per Share
Earnings per share as adjusted increased by 6% year-over-year.
Share Repurchases
Virtus used $26 million to repurchase approximately 146,000 shares, reducing shares outstanding by 3% on a net basis over the past year.