Latest news with #AvantisInvestors
Yahoo
30-07-2025
- Business
- Yahoo
AVEM: Emerging Markets ETF Adds to Holdings of EV-Maker NIO
Investors in the Avantis Emerging Markets Equity ETF (AVEM) now have a lot more exposure to Shanghai-based electric-vehicle company Nio Inc. (NIO) than they did before. The $11.6 billion exchange-traded fund disclosed in a recent Securities and Exchange Commission filing that it now owns 911,470 shares of Nio as of the end of May—up nearly 49% from the 613,576 shares the ETF disclosed owning in an April filing. The latest, second-quarter purchase of the EV stock is the largest from AVEM and marks 21 consecutive quarters of buying, per a report from A Closer Look at AVEM AVEM, which launched in 2019, is an actively managed fund that invests in emerging market stocks of all market capitalizations. It's designed to increase expected returns by overweighting securities trading at lower valuations and with higher profitability ratios, according to Avantis Investors' fund factsheet (Avantis is owned by American Century Investments). The expense ratio is 0.33%, and its benchmark is the MSCI Emerging Markets Investable Market Index. AVEM may have recently increased in ownership in Nio, but its top holdings are Taiwan Semiconductor Manufacturing Co. (TSM), Tencent Holdings (TCEHY), Samsung Electronics Co., Alibaba Group Holding (BABA) and China Construction Bank Corp. The fund is up 20.6% year to date. "AVEM has seen very strong inflows so far this year—more than $2.5 billion through the first six months of 2025, around one-quarter of the net inflows into the EM category, according to data from Morningstar," Avantis Investors Chief Investment Strategist Phil McInnis told "We invest in Chinese companies across many of our emerging market ETFs. The aim of these strategies is to provide investors with low-cost, broadly diversified building blocks to use in their portfolios. Our approach is designed to marry the benefits of indexing with active oversight and the potential to outperform. As we continue to see strong inflows into the strategy, we continue to allocate to names with attractive valuation and profitability characteristics," he said. The EV Buzz In recent years, EVs have continued to gain market share—and that's not a trend that's expected to slow anytime soon. As a result, more firms are looking for ways to allow investors to bet big on EVs. In April, for instance, GraniteShares launched two leveraged, single-stock ETFs giving investors daily leveraged exposure EV stocks: The GraniteShares 2x Long LCID Daily ETF (LCDL) and the GraniteShares 2x Long RIVN Daily ETF (RVNL). Editor's note: This story was updated midday Wednesday with a quote from Phil McInnis, chief investment strategist at Avantis | © Copyright 2025 All rights reserved
Yahoo
29-05-2025
- Business
- Yahoo
American Century's Head of ETF Solutions to Depart
American Century is losing its head of ETF solutions, Rene Casis, who joined the firm just before it launched its first exchange-traded fund in 2018. In regulatory filings late last week, the company disclosed that Casis will soon no longer be a portfolio manager on 11 ETFs. An American Century spokesperson confirmed in an email that Casis will leave the company in about three weeks to 'pursue another opportunity' and that a search is underway for a successor. 'His last day managing portfolios is June 11,' the spokesperson said. 'He remains with the firm until June 20 to assist as needed.' This story was originally published on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. With about $60 billion in assets among its 47 ETFs, American Century is not one of the biggest players in the industry, though still among the top 20 ETF issuers broadly. But the company has made a niche in actively managed ETFs, with a focus on semitransparent ETFs, which disclose their holdings quarterly, rather than daily, and show a proxy basket of securities to give investors a rough idea about the portfolios. Through its Avantis Investors subsidiary, American Century is among the four biggest active ETF issuers by assets. Casis, who has been with the firm as it built out its active and semitransparent ETF business, is a portfolio manager on several products with that structure. While six of the 11 ETFs he is on have two portfolio managers, others have larger teams. The largest ETFs that Casis helps manage include: US Quality Growth ETF — $1.5 billion, team of two managers Quality Diversified International ETF — $326 million, two managers Focused Dynamic Growth ETF — $284 million, four managers Focused Large Cap Value ETF — $253 million, five managers Moving On: All but one of the nine $1-billion-plus ETFs in the company's line are managed by, and branded under, its Avantis Investors subsidiary. Casis is not part of that unit. 'Generally we have a constructive view of the ETF business under American Century,' said Hyunmin Kim, an analyst on Morningstar's multi-asset strategies research team. 'Avantis is a bright spot.' The post American Century's Head of ETF Solutions to Depart appeared first on The Daily Upside. Sign in to access your portfolio
