MutualFundWire.com: Less Than 5 Years In, a Cali Boutique Passes $50B

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Thursday, July 18, 2024

Less Than 5 Years In, a Cali Boutique Passes $50B

The team at a Southern California boutique is celebrating a big milestone this week.

Eduardo A. Repetto
Avantis Investors
Chief Investment Officer

Eduardo Repetto, chief investment officer of American Century's Avantis Investors, confirms that Avantis now has more than $50 billion in AUM. The news comes less than five years after the debut of Avantis' first strategy, on September 17, 2019 (days before the debut of Avantis' first ETFs).

Los Angeles-based Avantis now has a team of 37 people, an American Century spokesperson confirms, and that supports 28 Avantis strategies in total. They offer nine mutual funds and 28 ETFs, and they crossed the $50-billion-AUM line on Tuesday.

Avantis added $20 billion of its AUM in the past eight months alone. According to the American Century team, Avantis is now the fourth largest active ETF issuer.

"We say thank you," Repetto writes on LinkedIn. "We know that $50 billion is a big number that represents the trust that many advisors, institutions, consultants, families ... have placed with us."

"We keep our absolute focus on our commitment to continue delivering state-of-the-art investment solutions and great service for the benefit of our clients," Repetto adds.

Printed from: MFWire.com/story.asp?s=67666

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