Avantis Investors, a $9.2 billion* investment offering from global asset manager American Century Investments, announced the expansion of its investment capabilities with the launch of its latest exchange traded fund, Avantis U.S. Small Cap Equity ETF (AVSC).
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AVSC, listed on the New York Stock Exchange (NYSE Arca, Inc.), relies on a proprietary systematic investment approach that combines the latest in financial science with common sense investment principles. Its expense ratio is .25%.
“As one of the fastest-growing ETF issuers in the industry, we’re excited to announce an expansion of the investment offerings from Avantis Investors,” said Avantis Chief Investment Officer Eduardo Repetto. “Small caps can play an important role in investors’ allocations, and we are pleased to provide them with an option that complements what we already offer in the small cap space. We remain committed to delivering the strategies our clients ask for.”
AVSC shares the Avantis Investors philosophy of being diversified, tax efficient and cost effective. The fund seeks long-term capital appreciation and invests primarily in a diverse group of U.S. small cap companies across market sectors and industry groups taking into consideration valuation, profitability and levels of investment when selecting and weighting securities. The ETF will trade on the NYSE Arca.
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The ETF will be co-managed by Repetto and Senior Portfolio Managers Ted Randall, Mitchell Firestein and Daniel Ong, CFA.
The new fund joins Avantis Investors’ lineup of eight ETFs and corresponding mutual funds: Avantis Core Fixed Income; Avantis Core Municipal Fixed Income; Avantis Emerging Markets Equity; Avantis International Equity; Avantis International Small Cap Value; Avantis Short-Term Fixed Income; Avantis U.S. Equity and Avantis U.S. Small Cap Value. Additionally, the firm launched the following four ETFs in September: Avantis® Emerging Markets Value ETF (AVES); Avantis International Large Cap Value ETF (AVIV); Avantis® U.S. Large Cap Value ETF (AVLV); and Avantis Real Estate ETF (AVRE).
Avantis Investors, established to help clients achieve their investment goals through a persistent focus on providing well-diversified investment solutions that fit seamlessly into asset allocations and combine the potential for added value with the reliability of indexing, is led by Repetto and Chief Operating Officer Patrick Keating, CFA, CPA.
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