Victory Capital Holdings Inc. (NASDAQ: VCTR) stock declined by 1.89% at the last close while the VCTR stock price plunged by 0.76% in the after-hours session. As of May 31, 2021, Victory Capital was a diversified global asset management business with $160.9 billion in assets under management. VCTR employs a cutting-edge business strategy that combines boutique investment characteristics with the advantages of a fully integrated, centralized operational and distribution platform.
In May 2021, VCTR announced $160.9 billion in assets under management (AUM) through its subsidiaries. The figures represent an increase of 2.4 percent above the $157.1 billion recorded on April 31, 2021.
- Victory Capital’s U.S. Mid Cap Equity AUM grew slightly from April to $30.7 billion at the end of May. The $20.6 billion in U.S. Small Cap Equity fell 1.1 percent. Furthermore, U.S. Large Cap Equity AUM decreased slightly from the previous month to $14.9 billion, however, the Global/Non-U.S. Equity AUM increased 3.1 percent to approximately $16 billion in April.
- Victory Capital recorded $39 billion in Solutions in May, up 9.3% from $35.7 billion in April. On a sequential basis, other assets grew 9.6% to $432 million. Fixed Income assets totaled at $36 billion, up slightly from the previous month’s level.
- Victory Capital’s integrated multi-boutique business model and distribution network’s efficacy will likely help to encourage its performance in a continually changing market.
- VCTR’s stock has risen 33.9 percent in the last six months, surpassing the industry’s 25.4 percent increase.
Recent Past Update
In advance of intentions to join the cryptocurrency market, Victory Capital Holdings stated that its fully-owned investment adviser, Victory Capital Management Inc., has secured special agreements with both Nasdaq and crypto-focused financial advisory Hashdex Ltd. Depending on the Nasdaq Crypto Index (NCI), a multi-coin crypto index co-founded by NASDAQ and Hashdex, Victory Capital will be the only provider of private placement funds and other products for US investors.
Victory Capital intends to establish a private fund that will follow the NCI for authorized investors. Victory Capital will also provide private funds that follow the Nasdaq Bitcoin Reference Price Index and the Nasdaq Ethereum Price Index. Each of these items will benefit from Hashdex’s trading and asset management capabilities.