Victory Capital Holdings, Inc. has reported its total client assets for August 2024, revealing key changes from the previous period. As of August 31, 2024, the company's total assets under management (AUM) stood at $173.8 billion, with other assets totaling $4.9 billion, resulting in total client assets of $178.8 billion.
Breaking down the figures by asset class, the Solutions category saw an increase to $61.315 billion from $59.942 billion in July 2024. Similarly, Fixed Income increased marginally to $24.887 billion compared to $24.799 billion in the previous month. U.S. Mid Cap Equity also experienced growth, reaching $32.136 billion, up from $31.938 billion. However, U.S. Small Cap Equity decreased to $15.688 billion from $16.1 billion, and U.S. Large Cap Equity rose slightly to $14.103 billion from $14.03 billion. Global / Non-U.S. Equity also saw a rise to $19.143 billion from $18.784 billion, while Alternative Investments declined to $3.19 billion from $3.203 billion. In total, long-term assets amounted to $170.462 billion, up from $168.795 billion in July 2024.
Looking at the breakdown by vehicle, Mutual Funds increased to $115.877 billion from $114.889 billion, Separate Accounts and Other Pooled Vehicles also saw growth to $51.562 billion from $51.338 billion, and ETFs rose to $6.391 billion from $5.915 billion. These changes contributed to the total assets under management of $173.83 billion, up from $172.142 billion in the previous period.
Furthermore, institutional other assets increased to $4.942 billion from $4.809 billion, resulting in a total of $178.772 billion in total client assets, up from $176.951 billion in July 2024.
Victory Capital's diversified global asset management approach, combined with its next-generation business strategy, has allowed it to maintain total assets under management of $173.8 billion and total client assets of $178.8 billion, as of August 31, 2024. The company's ability to strategically navigate the market and capitalize on asset growth reflects its commitment to providing specialized investment strategies to a wide range of clientele. Following these announcements, the company's shares moved 2.6%, and are now trading at a price of $51.72. For more information, read the company's full 8-K submission here.
