MutualFundWire.com: A $7B-AUM Unit Adds an ETF Quartet

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Thursday, September 30, 2021

A $7B-AUM Unit Adds an ETF Quartet

A two-year-old, $7-billion-AUM boutique within a larger asset manager is rolling out a quartet of new, actively managed ETFs. The launches bring its lineup to 12 ETFs in total.

Eduardo A. Repetto
Avantis Investors
Chief Investment Officer

Today, Eduardo Repetto, chief investment officer of American Century's [profile] Avantis Investors, confirms the launch of four new ETFs: the Avantis Emerging Markets Value ETF (AVES on the NYSE Arca); the Avantis International Large Cap Value ETF (AVIV); the Avantis Real Estate ETF (AVRE); and the Avantis U.S. Large Cap Value ETF (AVLV). The ETFs come with expense ratios of 36 basis points, 25 bps, 17 bps, and 15 bps, respectively.

Repetto and senior portfolio managers Mitchell Firestein, Daniel Ong, and Ted Randall PM all four new funds. American Century Investment Management, Inc. (ACIM) serves as the investment advisor.

The new funds' other service providers include: American Century Services, LLC as fund administrator; Deloitte & Touche LLP as independent accounting firm; Foreside Fund Services, LLC as distributor; and State Street Bank and Trust Company as custodian, dividend-paying agent, securities lending agent, sub-administrator, and transfer agent.

"These are important asset classes for our clients, and we're thrilled to provide them with competitively priced, tax-efficient solutions to incorporate in their portfolios," Repetto states.

Printed from: MFWire.com/story.asp?s=63457

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