Policarpo said Victory Capital views 50% as an appropriate long-term normalized margin through a full market cycle, while preserving capacity to invest in its business and growth initiatives. As of June 30, 57 Victory Capital mutual funds and ETFs held four- or five-star overall Morningstar ratings, representing 60% of the company’s rated assets under management. Victory Capital said its ETFs are now available across Asia and, beginning in the second quarter, Latin America. Victory Capital also reported a significant pipeline of mandates that have been won but not yet funded. About Victory Capital (NASDAQ:VCTR)Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments.