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.
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Victory Capital Holdings (NASDAQ: VCTR) has announced the launch of its direct investor brand, Victory Capital InVest, alongside the introduction of Marketplace, a new open architecture brokerage platform. This platform offers investors access to trade stocks, mutual funds, and ETFs, including those from Victory Capital. Additionally, the company plans to unveil a digital investing platform later this year that provides model portfolios tailored to individual goals. Investors will benefit from zero commissions on most online trades and potential investment bonuses for asset transfers. As of March 31, 2023, Victory Capital manages approximately $158.6 billion in assets and was recognized in the Fortune 100 Fastest-Growing Companies list for 2022.
Victory Capital Holdings (NASDAQ: VCTR) reported assets under management (AUM) of $158.6 billion as of March 31, 2023. The average AUM for the first quarter was $157.8 billion. However, the company experienced long-term net outflows of $1.2 billion during the same period. The firm is scheduled to announce its first-quarter financial results after market close on May 4, 2023, with a conference call set for May 5, 2023, at 8:00 a.m. ET. Victory Capital is recognized for its diversified investment strategies and was ranked No. 55 on the Fortune 100 Fastest-Growing Companies list for 2022.
Victory Capital Holdings, Inc. (NASDAQ: VCTR) announced it received eight 2023 US Refinitiv Lipper Fund Awards based on risk-adjusted returns ending November 30, 2022. CEO David Brown highlighted the recognition as a testament to the firm's commitment to delivering excellent long-term returns. The awards honor funds with superior risk-adjusted performance compared to peers. Victory Capital manages $157.7 billion in assets as of February 28, 2023, and has been recognized on the Fortune 100 Fastest-Growing Companies list for 2022.