VCTR - Victory Capital AUM climbs 4.4% in June
2023-07-12 17:03:25 ET
- Victory Capital Holdings ( NASDAQ: VCTR ) preliminary assets under management increased 4.4% in June to $161.6B.
- Solutions AUM rose 4.4% to $55.8B.
- Fixed Income AUM of $26.1B was roughly flat.
- U.S. Mid Cap Equity AUM of $30.0B climbed 7.9% during the month.
- The company also said Q2 long-term net outflows were $2.1B, including a previously disclosed $1.1B institutional redemption. That redemption was from a passive equity strategy priced at 3 basis points and made no meaningful margin contribution, the company said.
- Earlier this week, BMO kept Victory Capital at Outperform as valuation discount was 'unwarranted'
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Victory Capital AUM climbs 4.4% in June