Sasha Jovanovic
5 min read
Tech giants are pouring billions into AI hardware and data centers, yet their stocks are coming under pressure as investors question when those cheques pay off. That pullback has sent money hunting for calmer waters, from bonds to larger financial groups seen as relative havens during risk-off swings. This article explores how that shift could affect three global banks and asset managers exposed to these flows, and why their stories matter now.
The three stocks covered below are only a starter set, and the full screen surfaced 30 more large, liquid banks, broker-dealers and asset managers with equally compelling stories around risk-off flows that are not profiled in this article.
If you want to identify and analyze which of these global financial groups best fits your own playbook, head straight into the Global Investment Banks and Asset Managers Benefiting from Risk-Off Flows screener.
Victory Capital Holdings (VCTR)
Overview: Victory Capital Holdings is a global asset manager that designs and runs investment products across funds, ETFs and separate accounts for institutions and individuals.
Operations: Victory Capital Holdings generates about US$1.6b in revenue from providing investment management services and related products across its platform.
Market Cap: US$6.9b
Victory Capital Holdings sits in a relatively favorable position for this risk off theme, because its multi asset platform can accommodate investors moving away from volatile tech trades and toward bond funds, cash strategies and professionally managed portfolios.
“The sharp increase in Victory Capital Holdings’ financial leverage linked to the First Eagle acquisition, from about 1.0x to around 3.2x net debt to adjusted EBITDA at closing, may leave the company more exposed if market conditions become less favourable for asset managers. If Victory Capital Holdings falls short of the planned US$280 million of net expense synergies from integrating First Eagle, the combined expense base could remain higher than anticipated.”
What happens to profit resilience if one unseen pressure quietly reshapes the balance between new scale and the cost of carrying it?
That hidden pressure is exactly what the full narrative for Victory Capital Holdings unpacks, revealing how scale, leverage and investor flows could be quietly influencing Victory Capital Holdings’ trajectory.
JAPAN POST BANK (TSE:7182)
Overview: JAPAN POST BANK is a major Japanese retail and institutional bank that collects deposits and offers loans, payments and investment products at scale.
