As part of the firm’s ongoing celebration of its five-year anniversary, Avantis Investors leaders rang the closing bell at the NYSE this past week. The firm’s ETFs crossed the $50 billion mark this year, a notable milestone for a brand with half a decade’s worth of operation. The gathering saw the firm welcome clients and partners to mark that important milestone. ETF leaders present also spoke to the shop’s past, present, and future.
Avantis Investors has launched 28 strategies since the firm first arrived in the ETF landscape. The firm offers funds like the Avantis U.S. Small Cap Value ETF (AVUV ). AVUV has added $5 billion worth of net inflows in just the last year alone, per ETF Database data.
See more: Small-Cap Value ETF AVUV Sees $5 Billion of Inflows in 1 Year
Avantis Investors co-founder and CIO Dr. Eduardo Repetto joined guests celebrating the bell ringing on the NYSE floor.
“We’re starting from nothing five years ago; today, we’re managing more than $55 billion, not only in the U.S. but clients outside the United States,” Repetto said. “If you ask me how I feel, I feel a very, very strong responsibility to keep on servicing clients, to keep on doing the best job we can for not only the current clients that we have today but also for the future clients.”
Avantis Investors Celebrates Five Years
ETF leaders at Avantis Investors’ parent firm, American Century Investments, also discussed the manner in which the firm’s ETFs have drawn client attention.
“The premise behind these strategies is to be able to offer low-cost, value-added solutions in ways that align with how advisors build portfolios,” said American Century Investments head of ETF product and strategy Sandra Testani.
“That value proposition has definitely resonated,” Testani added. “We’re obviously focused on the client, and all of this is just meant to give back to them, recognize them for trusting the team, and I think [we] couldn’t be happier.”
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 biomedical research
organization focused on foundational research to understand biology.
The Institute owns more than 40% of American Century Investments and has received dividend payments of more than $2 billion since 2000. Following the bell-ringing ceremony, attendees also heard from Alejandro Sánchez Alvarado, Ph.D. Sánchez Alvarado serves as President, Chief Scientific Officer, and Investigator at the Stowers Institute for Medical Research.
Alvarado updated guests on the Institute’s research and focus on an “exponential” approach to solving problems in medicine.
“What we’re supposed to do at the Stowers Institute is make a significant contribution to humanity through medical research, by expanding our understanding of the secrets of life, and by improving life’s quality through innovative approaches to the causes, treatment, and prevention of diseases,” Alvarado said. “That is a tall order and one that we take very, very seriously.”
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