Victory Capital Holdings reported total assets under management (AUM) of $176.1 billion and total client assets of $181.1 billion as of September 30, 2024. This represents an increase in total AUM by $7.4 billion from $168.7 billion at June 30, 2024.
The increase in AUM was primarily driven by positive market action, which contributed $10.1 billion during the third quarter. However, this was partially offset by net outflows in long-term AUM totaling $2.6 billion for the quarter.
The company's ability to grow its overall asset base through market appreciation, despite experiencing client withdrawals, highlights the impact of market conditions on its reported assets. Investors monitor these figures closely for insights into client retention and market performance contributions.
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