Victory Capital Holdings, Inc. has reported its Total Assets Under Management (AUM) and Total Client Assets for March 2024. The company's AUM stood at $170.3 billion, with Other Assets at $5.1 billion, resulting in Total Client Assets of $175.5 billion as of March 31, 2024. This represents an increase from the previous month, as the average Total AUM for March was $167.6 billion, compared to $164.9 billion for February.
In terms of long-term assets by asset class, the company reported the following figures for March 31, 2024: Solutions: $57.8 billion Fixed Income: $24.5 billion U.S. Mid Cap Equity: $32.9 billion U.S. Small Cap Equity: $16.3 billion U.S. Large Cap Equity: $13.9 billion Global / Non-U.S. Equity: $18.2 billion * Alternative Investments: $3.5 billion This indicates a growth in most asset classes compared to the figures for February 29, 2024.
The breakdown of Total Assets Under Management by vehicle for March 31, 2024, was as follows: Mutual Funds: $113.9 billion Separate Accounts and Other Pooled Vehicles: $51.2 billion * ETFs: $5.2 billion This also shows an increase in AUM across all vehicles compared to the previous month.
Furthermore, the company reported total long-term AUM net flows of -$1.0 billion for the first quarter, indicating outflows. Additionally, the total client assets increased from $170.3 billion in February to $175.5 billion in March.
Victory Capital is set to release its first-quarter 2024 financial results after the market closes on May 9, 2024, and will host a conference call the following morning to discuss the results.
Today the company's shares have moved -0.3% to a price of $43.66. If you want to know more, read the company's complete 8-K report here.
