Avantis Investors’ first $100 billion didn’t even take a century.
The six-year-old firm, part of American Century Investments, is a recent success story in the rise of ETFs, particularly actively managed ones. Its growth has accelerated over the past year and a half, doubling its assets under management. Year to date, Avantis has seen about $28 billion in net new money, Chief Investment Strategist Phil McInnis said.
“The biggest thing within the ETFs that’s different this year is that we’re seeing more adoption in a home office model,” he said.
Small Caps, Big Cash
Over 90% of Avantis’ assets under management are in its ETFs, and about 20% in just one product, the US Small Cap Value ETF (AVUV). That fund is up 9% this year, but the firm’s next-biggest ETFs have been much stronger performers. Its $15 billion Emerging Markets Equity ETF (AVEM) is up nearly…
