ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Direct Indexing
    • Disruptive Technology
    • Energy Infrastructure
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Financial Literacy
    • Fixed Income
    • Gold/Silver/Critical Minerals
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Modern Alpha
    • Multifactor
    • Night Effect
    • Portfolio Strategies
    • Responsible Investing
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Avantis Launches First Municipal Bond ETF, AVMU
News
Share

Avantis Launches First Municipal Bond ETF, AVMU

Aaron NeuwirthDec 10, 2020
2020-12-10

On Thursday, following the launch of its first two fixed income ETFs in October, Avantis Investors, a $2.5 billion investment brand from global asset manager American Century Investments, announced the launch of its first low-cost, broadly diversified municipal bond fund, the Avantis Core Municipal Fixed Income ETF (AVMU).

AVMU joins the Avantis Core Fixed Income ETF (AVIG) and the Avantis Short-Term Fixed Income ETF (AVSF) in the brand’s fixed income ETF lineup. All three strategies, listed on the New York Stock Exchange (NYSE Arca, Inc.), are designed to seamlessly augment investors’ asset allocation.

“We’re very happy to add a municipal bond strategy to our new fixed income lineup,” said Eduardo Repetto, Avantis CIO. “We know clients are looking for well-designed, low-cost solutions that offer the potential benefit of current income with tax advantages to their investment portfolios.”

AVMU has an expense ratio of 0.15% and is expected to soon be offered as a mutual fund with an Institutional Class at the same total annual operating expense ratio.

Aiming High

The fund invests primarily in investment grade quality municipal debt obligations from a diverse group of issuers. The fund’s investment process uses an analytical framework, including assessing securities’ expected income and capital appreciation, seeking securities with high expected returns.

Similar to Avantis’ other two fixed income ETFs, AVMU will be co-managed by Repetto, Senior Portfolio Manager Hozef Arif, Senior Portfolio Manager Mitchell Handa, and Senior Portfolio Manager Daniel Ong, CFA. Arif and Handa held portfolio management positions with Pacific Investment Management Company (PIMCO); Ong previously was a senior portfolio manager with Dimensional Fund Advisors (DFA).

The new fixed income funds join Avantis Investors’ five inaugural equity ETFs, launched during September 2019, followed by five mutual funds that mirror the ETFs: Avantis International Small Cap Value ETF (AVDV ), Avantis International Equity ETF (AVDE B), Avantis Emerging Markets Equity ETF (AVEM B+), Avantis U.S. Equity ETF (AVUS A) and Avantis U.S. Small Cap Value ETF (AVUV ).

Avantis Investors is led by Eduardo Repetto, chief investment officer, and Patrick Keating, Chief Operating Officer.

For more information about American Century Investments, visit www.americancentury.com.

This article originally appeared on ETFTrends.com.


Content continues below advertisement

» Popular Pages

  • Tickers
  • Articles

Jun 02

A Cash Alternatives ETF With a Distribution Yield Over 6%

Jun 02

Treasury Yields Snapshot: June 2

Jun 02

Main Management Market Note: June 2, 2023

Jun 02

China’s EV Market Recovers, Keep an Eye on KARS

Jun 02

A Debt Limit Deal Is Made, Target Treasuries of Any Duration

Jun 02

This Week in ETFs: Only 2 Launches, Many Closures

Jun 02

As Summer Nears, Eye Travel Stocks in JRNY

Jun 02

NYSE’s ETF Leaders: Northern Trust’s Michael Natale

Jun 02

Seize Market Gains & Optimize Dividends With KVLE

Jun 02

VettaFi Voices: Active or Passive for ESG ETFs?

QQQ

Invesco QQQ Trust

SPY

SPDR S&P 500 ETF Trust

SMH

VanEck Semiconductor ETF

VGT

Vanguard Information...

VOO

Vanguard S&P 500 ETF

IYW

iShares U.S. Technology ETF

XLK

Technology Select Sector SPDR...

JEPI

JPMorgan Equity Premium...

BOTZ

Global X Robotics &...

FNGU

MicroSectors FANG+ Index 3X...


Content continues below advertisement

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X