3Mon·

UPDATE: The wait is over!

Starting October 1st, Avantis officially launched two ETFs, now available on Xetra exchange.

$AVWC (+0.1%) for global equities (World IMI benchmark) and $IE0003R87OG3 (-0.26%) AVWS for world small cap value (MSCI World Small cap value benchmark)

Both are accumulating, multi factor, rule based and actively managed ETFs.

$AVWC (+0.1%) : world IMI, slight value and size tilt, profitability and momentum screened (negative momentum filtered)

TER 0.22%, in line with e.g. Vanguard FTSE-All World UCITS ETF $VWCE (+0.19%)

Initial AUM after seeding: $250M

https://www.avantisinvestors.com/ucitsetf/avantis-global-equity-ucits-etf/

$IE0003R87OG3 (-0.26%) AVWS: developed world small cap value, profitability and momentum screened (no negative momentum, unlike $ZPRX (-0.34%) / $ZPRV (-0.41%) )

TER 0.39%, close to ZPR* (0.3%)

Initial AUM after seeding: $11M

https://www.avantisinvestors.com/ucitsetf/avantis-global-small-cap-value-ucits-etf/

Note

As EU KIID regulation enforcement is quite bonkers (KIID must be in local official language for the asset to be tradable to a citizen of that specific country), they’re still untradable for the large majority of European retail investors on almost every brokerage (except IBKR, where only EN KIID is required).

German retail investors should be the first to gain access, as the DE KIID is already submitted and available on Avantis website. It’s now up to brokers to list the product with necessary documentation.

deodorhunter

@deodorhunter

7Mon·

Good news for UCITS factor investors! Avantis will be launching UCITS ETF soon it seems: https://www.etfstream.com/articles/american-century-to-enter-europe-with-three-active-etfs

The three ETFs are to be launched by Avantis Investors, the group’s quantitative investment unit, headed up by the firm’s CIO Eduardo Repetto.

The Missouri-based asset manager has three US-listed equivalent ETFs, the $6bn Avantis International Small Cap Value ETF, the $5.6bn Avantis Emerging Markets Equity ETF and the $365m Avantis All Equity Markets ETF.

Curious
to see if they will be 1:1 porting of US equivalents $AVDV
$AVEM / $AVES
$AVGE and the actual factor loadings (RR community will be quick to analyse once they are confirmed).

This could mean as Eu investors we no longer need 3/4 ETFs for intl SCV like $ZPRV (-0.41%)
$ZPRX (-0.34%) , and no more extra momentum boosts to balance these ETFs negative momentum.

EM offering could also trim the number of ETFs needed, once we know the offering and factor loadings

Are you looking forward to these ETFs? Will you switch to them in the near future?

Really curious to hear the community factor spiritual guide @PowerWordChill opinion on this :)

www.etfstream.comERROR: The request could not be satisfied

5 Comments

João@joaoluis

3Mon

Really interesting ETF, I was waiting for something like this to finally add the Small Cap Value into my Portfolio. Would love to hear @PowerWordChill opinion on this ETF. Only thing holding me back is the active management.

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deodorhunter@deodorhunter

3Mon

@joaoluis if you’re interested, you can listen to this podcast, they directly interview the Avantis CIO https://youtu.be/OlCuIJ6ow-c?si=mt5UTVOMo_ZYk9GI

The most active (and in my opinion the only relevant active part, as the rest is mostly indexed, albeit with their custom methodology) is their use of sell/buy baskets for constituents. IIRC, there is a section that goes into detail in that specific episode

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João@joaoluis

3Mon

@deodorhunter Thank you very much! I believe I might have started listening to it but I have not finished it. Have a nice rest of your day.

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