Virtus Market Reviews & Outlooks
Virtus investment partners share their economic and market insights through timely written commentary, providing investors a variety of ways to access the our portfolio managers’ current perspectives.
Market Reviews
Virtus portfolio managers provide timely commentary regarding the prior quarter’s economic environment and market events, with a view to how these impact their market sector. Market Reviews include discussion of the portfolio managers’ outlook for the quarter and year ahead.
Q2 Market Review & Outlook
Is Big Tech Back?
Q2 Market Review & Outlook - Multi-Sector
As last quarter’s banking stresses abated, risk rallied, and most spread sectors outperformed U.S. Treasuries
Q2 Investment Grade Taxable and Tax-Exempt Fixed Income
Continued Resilience Versus Stubborn Inflation and Hawkish Fed
Q2 Leveraged Finance
Continued Resilience in the Face of Volatility
Q2 Market Review & Outlook
Global Equities Stage Second-Quarter Rally Despite Continued Risks
Q2 Market Review & Outlook - Emerging Markets Debt
Inflation readings in many emerging markets (EM) turned lower and EM growth remained resilient in Q2.
Q2 Market Review & Outlook
A Complex Backdrop for Global Equities
Q2 Market Review & Outlook
Markets Higher on Better-than-Expected Data and a Pause in Rate Hikes
Q2 Event-Driven Market Review & Outlook
We believe that deal spreads now reflect and compensate for the additional risk
Quarterly Commentaries
| Product | Asset Class | Investment Partner | Symbol | Current Commentary |
|---|---|---|---|---|
| The Merger Fund® | Alternative | Event Driven | Westchester Capital Management, LLC | MERFX 589509108MERIX 589509207 | |
| Virtus Ceredex Large-Cap Value Equity Fund | Equity | Domestic Equity | Ceredex Value Advisors LLC | SVIIX 92837F524SVIFX 92837F516STVTX 92837F490STVZX 92837F482 | |
| Virtus Ceredex Mid-Cap Value Equity Fund | Equity | Domestic Equity | Ceredex Value Advisors LLC | SAMVX 92837F474SMVFX 92837F466SMVTX 92837F458SMVZX 92837F441 | |
| Virtus Ceredex Small-Cap Value Equity Fund | Equity | Domestic Equity | Ceredex Value Advisors LLC | SASVX 92837F433STCEX 92837F425SCETX 92837F417VVERX 92837X665 | |
| Virtus Convertible Fund | Fixed Income | Hybrid | Voya Investment Management | ANNPX 92838V833ANZAX 92838V791ANNAX 92838V841ANZCX 92838V817ANCMX 92838V106VAADX 92838V353 | |
| Virtus Duff & Phelps Global Real Estate Securities Fund | Alternative | Real Estate | Duff & Phelps Investment Management Co. | VGSAX 92828R412VGSCX 92828R396VGISX 92828R388VRGEX 92828W239 | |
| Virtus Duff & Phelps Real Estate Securities Fund | Alternative | Real Estate | Duff & Phelps Investment Management Co. | PHRAX 92828R586PHRCX 92828R560PHRIX 92828R552VRREX 92828W528 | |
| Virtus Duff & Phelps Water Fund | Specialty | Duff & Phelps Investment Management Co. | AWTAX 92838V494AWTCX 92838V486AWTPX 92838V478AWTIX 92838V460 | |
| Virtus Income & Growth Fund | Multi-Asset | Voya Investment Management | AZNAX 92837N584AZNCX 92837N576AZNIX 92837N535AIGPX 92837N543 | |
| Virtus KAR Emerging Markets Small-Cap Fund | Equity | International Equity | Kayne Anderson Rudnick Investment Management, LLC | VAESX 92828W627VCESX 92828W619VIESX 92828W593VRESX 92828W189 | |
| Virtus KAR International Small-Mid Cap Fund | Equity | International Equity | Kayne Anderson Rudnick Investment Management, LLC | VISAX 92828W841VCISX 92828W833VIISX 92828W825VRISX 92828W551 | |
| Virtus KAR Mid-Cap Core Fund | Equity | Domestic Equity | Kayne Anderson Rudnick Investment Management, LLC | VMACX 92828N114VMCCX 92828N122VIMCX 92828N130VRMCX 92828N262 | |
| Virtus KAR Mid-Cap Growth Fund | Equity | Domestic Equity | Kayne Anderson Rudnick Investment Management, LLC | PHSKX 92828N767PSKCX 92828N742PICMX 92828N734VRMGX 92828N254 | |
| Virtus KAR Small-Cap Core Fund | Equity | Domestic Equity | Kayne Anderson Rudnick Investment Management, LLC | PKSFX 92828N528PKSAX 92828N551PKSCX 92828N536VSCRX 92828N429 | |
| Virtus KAR Small-Cap Growth Fund | Equity | Domestic Equity | Kayne Anderson Rudnick Investment Management, LLC | PSGAX 92828N627PSGCX 92828N619PXSGX 92828N593VRSGX 92828N247 | |
| Virtus KAR Small-Cap Value Fund | Equity | Domestic Equity | Kayne Anderson Rudnick Investment Management, LLC | PQSAX 92828N684PQSCX 92828N676PXQSX 92828N668VQSRX 92828N411 | |
| Virtus KAR Small-Mid Cap Core Fund | Equity | Domestic Equity | Kayne Anderson Rudnick Investment Management, LLC | VKSAX 92828N221VKSCX 92828N213VKSIX 92828N197VKSRX 92828N189 | |
| Virtus KAR Small-Mid Cap Growth Fund | Equity | Domestic Equity | Kayne Anderson Rudnick Investment Management, LLC | VAKSX 92836N817VCKSX 92836N791VIKSX 92836N783VRKSX 92836N775 | |
| Virtus Newfleet Low Duration Core Plus Bond Fund | Fixed Income | Multi-Sector | Newfleet Asset Management | HIMZX 92828W346PCMZX 92828W338HIBIX 92828W320VLDRX 92828W197 | |
| Virtus Newfleet Multi-Sector Short Term Bond Fund | Fixed Income | Multi-Sector | Newfleet Asset Management | NARAX 92828R644PSTCX 92828R628PMSTX 92828R594PIMSX 92828R610VMSSX 92828W247 | |
| Virtus Newfleet Senior Floating Rate Fund | Fixed Income | Leveraged Finance | Newfleet Asset Management | PSFRX 92828R545PFSRX 92828R537PSFIX 92828R529VRSFX 92828W254 | |
| Virtus Newfleet Short Duration High Income Fund | Fixed Income | Leveraged Finance | Newfleet Asset Management | ASHAX 92838V544ASHCX 92838V536ASHIX 92838V510ASHPX 92838V528ASHSX 92838V643 | |
| Virtus NFJ Emerging Markets Value Fund | Equity | International Equity | NFJ Investment Group, LLC | AZMAX 92838V395AZMCX 92838V387AZMIX 92838V361AZMPX 92838V379 | |
| Virtus NFJ Mid-Cap Value Fund | Equity | Domestic Equity | NFJ Investment Group, LLC | PQNCX 92837N261PQNAX 92837N279PRAAX 92837N212PRNIX 92837N220ANRPX 92837N238ANPRX 92837N246 | |
| Virtus Seix Floating Rate High Income Fund | Fixed Income | Leveraged Finance | Seix Investment Advisors | SFRAX 92837F789SFRCX 92837F771SAMBX 92837F763SFRZX 92837F755 | |
| Virtus Seix High Income Fund | Fixed Income | Leveraged Finance | Seix Investment Advisors | SAHIX 92837F748STHTX 92837F722STHZX 92837F714 | |
| Virtus Seix High Yield Fund | Fixed Income | Leveraged Finance | Seix Investment Advisors | HYPSX 92837F698SAMHX 92837F672HYIZX 92837F664 | |
| Virtus Seix High Yield Income Fund | Fixed Income | Leveraged Finance | Seix Investment Advisors | AYBIX 92838V700AYBAX 92838V858AYBCX 92838V866AYBVX 92838V809AYBPX 92838V882 | |
| Virtus Seix Total Return Bond Fund | Fixed Income | Multi-Sector | Seix Investment Advisors | CBPSX 92837F805SAMFX 92837F870SAMZX 92837F862 | |
| Virtus Seix U.S. Government Securities Ultra-Short Bond Fund | Fixed Income | Investment Grade | Seix Investment Advisors | SIGVX 92837F821SIGZX 92837F813SSAGX 92837X681 | |
| Virtus SGA Global Growth Fund | Equity | Global Equity | Sustainable Growth Advisers, LP | SGAAX 92836N106SGACX 92836N205SGAPX 92836N304SGARX 92836N403 | |
| Virtus Vontobel Emerging Markets Opportunities Fund | Equity | International Equity | Vontobel Asset Management, Inc. | HEMZX 92828W387PICEX 92828W379HIEMX 92828W361VREMX 92828W353 | |
| Virtus Vontobel Foreign Opportunities Fund | Equity | International Equity | Vontobel Asset Management, Inc. | JVIAX 92828R859JVICX 92828R842JVXIX 92828R834VFOPX 92828W569 | |
| Virtus Vontobel Global Opportunities Fund | Equity | Global Equity | Vontobel Asset Management, Inc. | NWWOX 92828R446WWOCX 92828R420WWOIX 92828W775VRGOX 92828W213 | |
| Virtus Westchester Credit Event Fund | Alternative | Event Driven | Westchester Capital Management, LLC | WCFRX 95737C707WCFIX 95737C806 | |
| Virtus Westchester Event-Driven Fund | Alternative | Event Driven | Westchester Capital Management, LLC | WCERX 95737C509WCEIX 95737C608 | |
| Virtus Zevenbergen Innovative Growth Stock Fund | Specialty | Zevenbergen Capital Investments LLC | SAGAX 92837F318SCATX 92837F292VZGRX 92837X640 | |
| Name | Asset Class | Investment Partner | CUSIP | Current Commentary |