ETFs
Small-Cap Avantis Launches, American Century PM Retires, Victory Launches Active ETFs
Avantis Investors, a subsidiary of American Century, has launched a mutual fund version of a small-cap stock ETF, the company announced Thursday.
The Avantis US Small Cap Equity fund (AVSCX) will follow the same strategy as the $1.1 billion Avantis US Small Cap Equity ETF (AVSC). Like the ETF, it will prioritize stocks of small-cap companies with strong profitability and value qualities.
AVSCX will also have the same management team as AVSC, consisting of the CIO Eduardo Repetto, Mitchell Firestein, Daniel Ong, Ted Randall and Matthieu Dubin.