The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A $25B-AUS Unit Adds 4 ETFs of ETFs Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 5, 2023

A $25B-AUS Unit Adds 4 ETFs of ETFs

Reported by Neil Anderson, Managing Editor

Eduardo Repetto and his $25-billion-AUS team (as of June 15, up from $20 billion back in January) are rolling out a quartet of new funds of funds.

Eduardo A. Repetto
Avantis Investors
Chief Investment Officer
Last week, Repetto, chief investment officer of American Century's Avantis Investors [profile], unveiled the launch of the Avantis All Equity Markets Value ETF (AVGV on the NYSE Arca, Inc.), the Avantis All International Markets Equity ETF (AVNM), the Avantis All International Markets Value ETF (AVNV), and the Avantis Moderate Allocation ETF (AVMA). All four new funds are actively managed ETFs of ETFs, specifically ETFs of other Avantis ETFs, and all four new funds are series of the American Century ETF Trust. Their inception date was June 27.

AVMA comes with an expense ratio of 21 basis points, AVGV costs 26 bps, AVNM costs 31 bps, and AVNV costs 34 bps. Each expense ratio bakes in a 2-bps fee waiver promised through June 21, 2024.

American Century Investment Management, Inc. serves as the four new funds' investment advisor, while American Century Services, LLC (ACS) serves as administrator. The funds' PM team includes: Matthew Dubin, portfolio manager; Mitchell Firestein, senior PM; Daniel Ong, senior PM; Ted Randall, senior PM; and Repetto himself.

Repetto puts the launch of AVGV, AVMA, AVNM, and AVNV in the context of Avantis' "goal to offer a well-rounded suite of value-added funds for investors." Firestein notes that the Avantis team has already "seen significant adoption from investors" of another ETF of ETF, AVGE, which debuted last September.

"I believe this really offers the best of both worlds," Firestein states. "Investors get access to a range of our underlying, low-cost active funds with the added benefit of professional and tax-efficient rebalancing inside a single ETF. It helps streamline allocations for investors."

The new funds' other service providers include: 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. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use