Victory Capital Holdings, Inc. reports developments in investment management, client assets and fund distribution. The company provides specialized strategies for institutions, intermediaries, retirement platforms and individual investors through mutual funds, VictoryShares exchange traded funds, separate accounts, variable insurance products, alternative investments, private closed-end funds and a 529 education savings plan.
Recurring news includes monthly total client assets and assets under management by region and product category, quarterly revenue and earnings releases, long-term gross and net flows, money market and short-term flows, and updates on ETF demand, international distribution and acquisition strategy.
Victory Capital Holdings (NASDAQ: VCTR) has announced a definitive agreement with Amundi, advancing their strategic partnership initially outlined on April 16, 2024. The agreement includes reciprocal 15-year distribution pacts, combining Amundi US (formerly Pioneer Investments) with Victory Capital. Amundi will acquire a 26.1% stake in Victory Capital and will supply non-US manufactured products in the US, while Victory Capital will distribute US-manufactured products globally for Amundi. The deal is expected to close in late Q4 2024 or early 2025, subject to regulatory approvals and shareholder consent. Victory Capital anticipates low-double-digit EPS growth and $100 million in annual cost savings within a year post-closing, alongside a better net leverage ratio due to enhanced cash flow without additional debt.
Victory Capital Holdings (NASDAQ: VCTR) announced the launch of two new active ETFs: VictoryShares WestEnd Global Equity ETF (GLOW) and VictoryShares WestEnd Economic Cycle Bond ETF (BMDL). Managed by its wholly-owned investment adviser, Victory Capital Management, these funds employ a macroeconomic approach from WestEnd Advisors, enhanced with Victory Income Investors' credit selection expertise for BMDL. The launch boosts VictoryShares' ETF offerings to 27 and supports their strategy to deliver innovative investment solutions. As of May 31, 2024, VictoryShares' ETF platform holds approximately $8 billion in AUM, featuring diverse strategies including active equity, fixed income, and systematic ETFs.
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.
Victory Capital Holdings, Inc. (NASDAQ: VCTR) reported strong first-quarter results with total client assets of $175.5 billion and a 10% increase in the regular quarterly cash dividend to $0.37. The company achieved record levels of long-term gross and net flows, highest quarterly revenue, adjusted EBITDA, and adjusted net income in the past six quarters. Additionally, the company disclosed a potential strategic transaction with Amundi to boost AUM and revenue. Victory Capital focuses on delivering excellent investment performance for clients, with a significant percentage of AUM outperforming benchmarks.
Victory Capital Holdings, Inc. (NASDAQ: VCTR) reported Total Assets Under Management (AUM) of $163.6 billion, Other Assets of $4.7 billion, and Total Client Assets of $168.3 billion as of April 30, 2024. The average Total AUM for April was $166.3 billion, with Solutions being the largest asset class at $55.7 billion. Victory Capital's Total Client Assets cover a diverse range of asset classes including Fixed Income, U.S. Mid Cap Equity, U.S. Small Cap Equity, U.S. Large Cap Equity, Global/Non-U.S. Equity, and Alternative Investments.
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