1,499 Days, $30B
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Tuesday, November 7, 2023

1,499 Days, $30B

It took a little more than four years for a Midwestern fund firm's newest boutique arm to cross $30 billion in AUM.

American Century's Avantis Investors [profile] passed that milestone on Friday, Avantis chief investment officer Eduardo Repetto confirms in a LinkedIn post. The boutique's first ETFs debuted 1,499 days earlier, on September 26, 2019.

Earlier this fall, the Avantis team expanded their lineup to 24 ETFs and eight traditional mutual funds in total. Their AUM has risen by 50 percent in less than 10 months this year. And last week they launched a new podcast, The Behavioral Divide with Hal Hershfield.

"Today, we say thank you to all of our clients that have trusted us with their assets," Repetto wrote yesterday. "Some say that money talks. What $30B says to us is that investors are finding value in what we do — our solutions, our best-in-class client service. What it doesn't say is our work is done. All of us at Avantis continue to work tirelessly each day in service of you!"

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