Avantis reaches $50B in assets under management less than five
years since launching its first funds
KANSAS
CITY, Mo., July 18, 2024 /PRNewswire/ -- Before
celebrating its five-year anniversary this September, Avantis
Investors® has already reached $50
billion in assets under management as of July 16. Avantis launched its first strategy on
September 17, 2019, and now has
$50 billion across 28 strategies
serving more than 3,500 institutional and advisory clients. With a
focus on financial science and a range of low-cost investment
vehicles, Avantis' growth has powered American Century's rise to
the fourth largest active ETF issuer1 and one of the
fastest growing ETF issuers in the last decade2.
"As Avantis passes $50 billion in
assets under management, we say thank you. Each dollar we manage
represents the trust that many advisors, institutions, consultants
and 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," said
Eduardo Repetto, chief investment
officer of Avantis.
Powered by financial science with a choice of strong
investment vehicles
Avantis' strategies share a common investment approach that
combines a philosophy based on financial science with professional
implementation aimed at increasing expected returns3 and
managing risks. Its investment process is based on an academically
supported, market-tested framework that aims to identify securities
with higher expected returns based on their current market prices
and other company financial information.
Avantis' goal is to deliver low-cost, broadly diversified
solutions in mutual fund, exchange-traded fund (ETF) and separate
account formats so that financial professionals and investors can
choose the optimal vehicle to fit their clients' circumstances. All
Avantis strategies use the same academically sound risk/return
framework uniquely designed for Avantis.
Solutions that combine the best parts of indexing with the
potential for active outperformance
Avantis strategies combine the aspects of indexing that make
sense (broad diversification, transparency, tax efficiency, low
costs) with the parts of active investing that can make a
difference. "We focus on designing solutions to capture the
benefits of indexing while simultaneously focusing on segments of
the market that are expected to outperform. Our approach delivers
the potential to capture higher expected returns in a systematic,
cost-effective, repeatable and reliable investment process," said
Repetto.
Owned by American Century and making an impact
Avantis Investors is owned by American Century Investments, a
$256 billion* asset manager with a
reputation for client care, stewardship and stability—bringing
scale and allowing long-term focus. Through American Century's
relationship with the Stowers Institute for Medical Research,
investments with Avantis help support research that can improve
human health and save lives. Since 2000, American Century's
dividends distributed to the Stowers Institute have totaled more
than $2 billion.
Recent industry recognition
With Intelligence named Avantis the 2024 ETF
provider of the year.** Citywire Pro Buyer named Avantis the
fastest growing asset manager in 2023.***
About American Century Investments
American Century Investments is a leading global asset manager
focused on delivering investment results and building long-term
client relationships while supporting breakthrough medical
research. Founded in 1958, American Century Investments' 1,400
employees serve financial professionals, institutions, corporations
and individual investors from offices in Kansas City, Missouri; New York; Los
Angeles; Santa Clara,
California; Portland,
Oregon; London;
Frankfurt, Germany; Hong Kong; and Sydney. Jonathan S.
Thomas is president and chief executive officer, and
Victor Zhang serves as chief
investment officer. Delivering investment results to clients
enables American Century Investments to distribute over 40% of its
dividends to the Stowers Institute for Medical Research, a
500-person, nonprofit basic biomedical research organization. The
Institute owns more than 40% of American Century Investments and
has received dividend payments of more than $2 billion since 2000. For more information about
American Century Investments, visit
www.americancentury.com.
*Assets under supervision as of 7/15/24.
** With Intelligence's ETF Provider award is given to the
most successful ETF issuer as determined by a combination of
several elements, including flows and innovation. All ETF issuers
who launched their US ETF before Jan.1 2024 are eligible for
entry.
***Citywire Pro Buyer used Morningstar's organic growth
rate measure which looks at flows as a percentage of a group's
assets at the start of a period. The universe was limited to the
top 100 groups by AUM.
1Source: Morningstar Direct. Assets are as of
7/11/24; net flow is as of 6/30/24. There are 287 active ETF
issuers as of 6/30/24
2Source: FactSet as of 7/11/24
3Valuation theory shows that the expected return of a
stock is a function of its current price, its book equity (assets
minus liabilities) and expected future profits, and that the
expected return of a bond is a function of its current yield and
its expected capital appreciation (depreciation). Avantis Investors
uses information in current market prices and company financials to
identify differences in expected returns among securities, seeking
to overweight securities with higher expected returns based on this
current market information. Actual returns may be different than
expected returns, and there is no guarantee that the strategy will
be successful.
You should consider the fund's investment objectives,
risks, charges and expenses carefully before you invest. The fund's
prospectus or summary prospectus, which can be obtained by visiting
americancentury.com, contains this and other information about the
fund, and should be read carefully before
investing.
Exchange Traded Funds (ETFs) are bought and sold through
exchange trading at market price (not NAV), and are not
individually redeemed from the fund. Shares may trade at a premium
or discount to their NAV in the secondary market. Brokerage
commissions will reduce returns.
Investment return and principal value of security investments
will fluctuate. The value at the time of redemption may be more or
less than the original cost. Past performance is no guarantee of
future results.
This material has been prepared for educational purposes only.
It is not intended to provide, and should not be relied upon for,
investment, accounting, legal or tax advice.
Exchange Traded Funds (ETFs): Foreside Fund Services, LLC –
Distributor, not affiliated with American Century Investment
Services, Inc.
Mutual Funds: American Century Investment Services, Inc.,
Distributor.
©2024 American Century Proprietary Holdings, Inc. All rights
reserved
Contact:
|
Laura Kouri
|
|
(816)
340-4710
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SOURCE American Century Investments