Eduardo Repetto
Avantis Investors, an AU$133 billion[1] investment offering from the AU$454 billion[2] global asset manager American Century Investments®, is entering the Australian market with the launch of its first three dual access exchange-traded funds (ETFs): Avantis Small Cap Value Active ETF (AVTS), Avantis Global Equity Active ETF (AVTG) and Avantis Emerging Markets Equity Active ETF (AVTE).
All three new active ETFs seek long-term capital appreciation through investment in actively managed portfolios managed by one of the fastest growing active ETF providers in the U.S.
Many Australian investors have been interested in Avantis since we launched six years ago. We are thrilled to now have our investment solutions available in Australia,” said Eduardo Repetto, Avantis Investors CIO on behalf of American Century.
“Our goal is to provide low-cost, broadly diversified active solutions that empower financial professionals to create value for their clients. These dual access vehicles offer eligible investors the flexibility to choose what’s right for them and their clients. Each strategy can be accessed by ETF or managed fund.”
Avantis solutions seek to combine many of the potential benefits of index investing with the potential for added value by considering expected returns[3] each day. It’s the parts of passive that make sense with the parts of active that can make a difference.
The estimated management fees and costs for the new Avantis funds are the following:
- Avantis Global Equity Active ETF — estimated management fees and costs of 0.30% p.a.[4]
- Avantis Emerging Markets Equity Active ETF — estimated management fee and cost of 0.45% p.a.[4]
- Avantis Global Small Cap Value Active ETF — estimated management fee and cost of 0.49% p.a.[4]
These new Avantis funds build on the seven-year presence of American Century Investments in Australia.
“Bringing Avantis Investors to Australia is an important milestone for our business in the region. Our team in Sydney is excited to broaden the scope of our offering to professional investors across Australia,” said Tom Clapham, Head of APAC for American Century Investments.
Partnership brings new dual access active ETFs to Australia’s market
Working in partnership with one of Australia’s leading specialist trustee companies, Equity Trustees, the Avantis active ETFs are listed on Cboe Australia, a subsidiary of Cboe Global Markets, Inc., one of the world’s leading derivatives and securities exchange network.
“The launch of Avantis Investors first three ETFs on Cboe Australia marks an exciting milestone for certain local investors, further broadening access to innovative investment opportunities. This product exemplifies our commitment to reshaping the ETF landscape through cutting-edge technology and exceptional client service,” said Emma Quinn, President of Cboe Australia.
“We are proud to expand our long-standing partnership with American Century through the launch of these three new Avantis ETFs,” said Andrew Godfrey, Executive General Manager of Corporate and Superannuation Trustee Services at Equity Trustees.
“As Responsible Entity, we are committed to providing strong governance and compliance, enabling American Century to confidently deliver their Avantis investment strategies to investors.”
Avantis Investors is owned by American Century Investments, an 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 totalled more than $2 billion.
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