In yet another milestone for the ETF space, American Century Investments saw its suite surpass $75 billion in total AUM. The firm, which also offers ETFs under the Avantis Investors brand, offers ETFs like its largest, the Avantis U.S. Small Cap Value ETF (AVUV ). AVUV’s $4.5 billion in inflows over the last twelve months helped push the firm’s AUM total over the line.
See more: Exploring the Perks of Diversified Fixed Income ETFs
American Century’s suite of more than 40 ETFs includes active and passive funds with equity, fixed income, and alternative approaches. The shop offers both systematic, active funds that lean on the firm’s fundamental, bottom-up investing capabilities.
“American Century has experienced tremendous growth in the last few years and is firm to watch,” said TMX VettaFi head of research, Todd Rosenbluth. “They have built out a strong suite of active ETFs and also tapped into demand with some multi factor index-based products. It is exciting to follow their success.”
Two particular funds have also stood out alongside AVUV in the last year: the American Century U.S. Quality Growth ETF (QGRO ) and the American Century Quality Diversified International ETF (QINT ).
QGRO charges a 29 basis point (bps) fee to track its rules-based index. It screens stocks based on growth, quality, and income, using measures like sales, profitability, cash flow, and return on assets and equity. Combining steady and high growth names, QGRO has led American Century’s ETFs with 27.4% over the last one year, per ETF Database data.
QINT, meanwhile, charges 39 bps to provide diversified, quality exposure abroad. Investing in large- and midcap international stocks, the fund also performed well of late. The ETF has returned 22.66% YTD.
No strategy did more to lift the firm’s total ETF AUM than AVUV, however. It added $11.5 billion in the last three years. Looking ahead, the shop’s varied suite of flexible, tax-friendly ETFs could provide meaningfully helpful options in an uncertain second half.
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VettaFi LLC (“VettaFi”) is the index provider for QGRO and QINT, for which it receives an index licensing fee. However, QGRO and QINT are not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of QGRO or QINT.
