Victory Capital Reports May 2024 Total Client Assets
Victory Capital has announced its total client assets as of May 31, 2024, amounting to $173.4 billion. This includes $168.5 billion in total assets under management (AUM) and $4.9 billion in other assets.
The average total AUM for May was $167.5 billion, showing a slight increase from April. Specific asset classes saw varied growth, with Solutions reaching $57.9 billion and Global/Non-U.S. Equity at $18.5 billion.
Assets under management saw a rise of $4.85 billion from April to May, driven by increases across multiple asset classes including Mutual Funds and Separate Accounts.
- Total client assets increased to $173.4 billion as of May 31, 2024.
- Total AUM rose to $168.5 billion, reflecting a $4.85 billion increase from April.
- Solutions asset class assets grew to $57.9 billion from $55.7 billion in April.
- Global/Non-U.S. Equity increased to $18.5 billion from $17.8 billion in April.
- Mutual Funds AUM rose to $112.3 billion from $109.4 billion in April.
- Separate Accounts and Other Pooled Vehicles AUM increased to $50.8 billion from $49.1 billion in April.
- Fixed Income assets showed minimal growth, increasing only from $24.047 billion to $24.215 billion.
- Alternative Investments assets remained almost unchanged, with a minor increase from $3.461 billion to $3.465 billion.
Insights
Victory Capital's latest report on Total Client Assets provides important data for investors. The company disclosed that their Total Assets Under Management (AUM) stands at
From a financial standpoint, this growth can be attributed to increases across several asset classes. The Solutions category saw a notable jump from
It is also worth noting the Mutual Funds segment, which increased from
For retail investors, this consistent growth in AUM suggests that Victory Capital is effectively managing and attracting new assets, which could result in higher revenues from management fees. This upward trend might be seen as a positive sign for future earnings and potential shareholder returns.
Victory Capital's reported increase in Total Client Assets to nearly
It is noteworthy that the Global/Non-U.S. Equity grew from
An interesting point for investors is the performance of Alternative Investments which remained relatively stable at around
In terms of vehicle breakdown, the growth in ETFs from
Overall, these metrics point towards a well-rounded growth strategy that balances traditional and alternative investments, catering to a diverse investor base.
For the month of May, average Total AUM was
Victory Capital Holdings, Inc. |
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Total Client Assets (unaudited; in millions) 1
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As of: |
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By Asset Class |
May 31, 2024 |
April 30, 2024 |
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Solutions |
$ |
57,916 |
$ |
55,683 |
|
Fixed Income |
|
24,215 |
|
24,047 |
|
|
|
31,725 |
|
31,022 |
|
|
|
15,647 |
|
15,187 |
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|
|
13,657 |
|
13,135 |
|
Global / Non- |
|
18,521 |
|
17,805 |
|
Alternative Investments |
|
3,465 |
|
3,461 |
|
Total Long-Term Assets |
$ |
165,146 |
$ |
160,339 |
|
Money Market / Short Term Assets |
|
3,309 |
|
3,265 |
|
Total Assets Under Management2 |
$ |
168,455 |
$ |
163,604 |
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|
|
By Vehicle |
|
|
|
|
|
Mutual Funds3 |
$ |
112,255 |
$ |
109,365 |
|
Separate Accounts and Other Pooled Vehicles4 |
|
50,814 |
|
49,111 |
|
ETFs5 |
|
5,386 |
|
5,128 |
|
Total Assets Under Management |
$ |
168,455 |
$ |
163,604 |
|
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|
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|
|
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Other Assets6 |
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|
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Institutional |
$ |
4,938 |
$ |
4,682 |
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Total Other Assets |
$ |
4,938 |
$ |
4,682 |
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Total Client Assets |
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|
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|
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Total Assets Under Management |
$ |
168,455 |
$ |
163,604 |
|
Total Other Assets |
|
4,938 |
|
4,682 |
|
Total Client Assets |
$ |
173,394 |
$ |
168,286 |
|
1Due to rounding, numbers presented in these tables may not add up precisely to the totals provided.
2Total AUM includes both discretionary assets under management and non-discretionary assets under advisement and excludes Other Assets.
3Includes institutional and retail share classes, money market and VIP funds.
4Includes wrap program accounts, CITs, UMAs, UCITS, private funds, and non-
5Represents only ETF assets held by third parties and excludes ETF assets held by other Victory Capital products.
6Includes low-fee (2 to 4 bps) institutional assets, previously reported in the Solutions asset class within the by asset class table and in Separate Accounts and Other Pooled Vehicles within the by vehicle table. These assets are included as part of Victory’s Regulatory Assets Under Management reported in Form ADV Part 1.
About Victory Capital
Victory Capital is a diversified global asset management firm with total assets under management of
Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With 11 autonomous Investment Franchises and a Solutions Business, Victory Capital offers a wide array of investment products and services, including mutual funds, ETFs, separately managed accounts, alternative investments, third-party ETF model strategies, collective investment trusts, private funds, a 529 Education Savings Plan, and brokerage services.
Victory Capital is headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240611150712/en/
Investors:
Matthew Dennis, CFA
Chief of Staff
Director, Investor Relations
216-898-2412
mdennis@vcm.com
Media:
Jessica Davila
Director of Global Communications
210-694-9693
Jessica_davila@vcm.com
Source: Victory Capital Holdings, Inc.
FAQ
What is the total client assets reported by Victory Capital for May 2024?
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How did Global/Non-U.S. Equity assets change for Victory Capital in May 2024?
