Victory Capital Unveils Innovative ETFs, Announces Robust $165.5 Billion in AUM

Published / Modified Jun 21 2024
CSIMarket Team / CSIMarket.com

'Victory Capital Expands Product Lineup with New Active ETFs, Reports Impressive Asset Growth'

Victory Capital Holdings, Inc. (NASDAQ: VCTR), a renowned investment management firm, has made waves in the financial sector with two significant announcements. The company?s investment adviser, Victory Capital Management Inc., has launched two new active exchange-traded funds (ETFs), expanding its VictoryShares lineup. Moreover, Victory Capital reported substantial growth in assets under management (AUM) for January 2024, reinforcing its solid market position.

'New Active ETFs Launched: GLOW and BMDL'

Victory Capital Management Inc. has unveiled the VictoryShares WestEnd Global Equity ETF (ticker: GLOW) and the VictoryShares WestEnd Economic Cycle Bond ETF (ticker: BMDL). These ETFs, managed by the esteemed WestEnd Advisors, LLC, employ a macroeconomically driven investment approach designed to navigate and capitalize on evolving market conditions.

The VictoryShares WestEnd Global Equity ETF (GLOW) aims to provide investors with long-term capital appreciation by investing in a diversified portfolio of global equities. The fund?s strategy is underpinned by WestEnd?s active management and deep analysis of macroeconomic trends, which guide asset allocation decisions to optimize returns while managing risk.

Conversely, the VictoryShares WestEnd Economic Cycle Bond ETF (BMDL) is designed to offer investors exposure to a dynamic mix of fixed-income securities. This ETF leverages WestEnd?s comprehensive understanding of economic cycles to adjust allocations based on the current and anticipated phases of the economic cycle, seeking to enhance yields and mitigate risks.

David Brown, Chairman and CEO of Victory Capital, expressed enthusiasm about the new offerings. ?These two ETFs reflect our ongoing commitment to providing innovative investment solutions that meet the diverse needs of our clients. By integrating WestEnd?s expertise and a macroeconomic perspective, we are confident that both GLOW and BMDL will offer valuable additions to our clients? portfolios.?

'Victory Capital?s Strong Asset Growth'

In tandem with expanding their ETF offerings, Victory Capital reported a buoyant growth in assets under management for January 2024. The Company?s AUM stood at an impressive $165.5 billion as of January 31, 2024, slightly up from $165.1 billion at the end of December 2023. The average AUM for January was $165.6 billion, showcasing sustained investor confidence and market activity.

A detailed break-down of the AUM by asset class as of January 31, 2024, is as follows:

- Solutions: $59.9 billion (December 31, 2023: $59.6 billion)

- Fixed Income: $24.3 billion (December 31, 2023: $24.4 billion)

- U.S. Mid Cap Equity: $30 billion (December 31, 2023: $30 billion)

The modest increase across these categories underscores Victory Capital's robust asset management capabilities and its strategic focus on delivering value to investors across various asset classes. This growth indicates effective management strategies and a strong market reception of Victory Capital?s diverse investment products.

'A Promising Trajectory'

Victory Capital's recent developments and its performance in asset management demonstrate the firm's innovative approach and solid market positioning. The launch of GLOW and BMDL extends the firm?s reach in the ETF space, offering new avenues for investor engagement and financial growth. Simultaneously, the firm?s AUM figures reflect operational strength and the ability to attract and retain investors amid a dynamic economic environment.

These strategic initiatives and growth metrics are expected to bolster Victory Capital's market presence and pave the way for sustained success. With a keen focus on adapting to market trends and meeting investor needs, Victory Capital continues to enhance its legacy as a leading asset management company.


Sources for this article: Victory Capital Holdings Inc Press release, News Wire, Globe Newswire, Business wire, Pr newswire.... and CSIMarket.com?s Assessment of Competitive Landscape


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