Victory Capital reports total AUM of $173.8B as of August 31, 2024

Solid fourth quarter results drive Victory Capital's AUM over $170B

Victory Capital, a global investment management firm, reported total assets under management (AUM) of $173.8 billion as of August 31, 2024. This represents an increase of 5.6% from the previous quarter and a 10.2% increase from the same period last year.

The growth in AUM was driven by strong investment performance across all asset classes, as well as net inflows from new and existing clients. Victory Capital's fixed income strategies, in particular, saw strong inflows, reflecting investor demand for yield in a low-interest rate environment.

Strong investment performance across all asset classes

Victory Capital's investment teams delivered strong performance across all asset classes during the fourth quarter. The firm's flagship large-cap growth strategy, the Victory Large Cap Growth Fund, returned 12.5% for the quarter, outperforming the S&P 500 Index by 3.5%. The firm's international equity strategies also performed well, with the Victory International Equity Fund returning 10.3% for the quarter.

Fixed income strategies were also strong performers, with the Victory Core Plus Bond Fund returning 5.2% for the quarter and the Victory High Yield Bond Fund returning 4.8%. These returns were driven by a combination of rising interest rates and strong credit fundamentals.

Net inflows from new and existing clients

Victory Capital also saw strong net inflows from new and existing clients during the fourth quarter. The firm's total net inflows for the quarter were $3.2 billion, with inflows across all asset classes. This reflects the firm's strong investment performance and its ability to attract new clients.

The firm's largest net inflows came from institutional investors, who were attracted to Victory Capital's track record of delivering strong investment performance and its commitment to client service.

Conclusion

Victory Capital's strong fourth quarter results reflect the firm's commitment to delivering strong investment performance for its clients. The firm's total AUM of $173.8 billion is a testament to the strength of its investment teams and its ability to attract new clients.

As the global economy continues to recover from the COVID-19 pandemic, Victory Capital is well-positioned to continue to deliver strong investment performance for its clients and grow its AUM.