American Century Investments is to launch three ETFs to bulk up its lineup after breaking into the ETF industry at the start of this year.
The American Century Diversified Municipal Bond ETF, the American Century Quality Diversified International ETF and the American Century US Quality Growth ETF all go live on the New York Stock Exchange on September 12.
The firm now has five ETF funds available for clients and investors.
‘All of our ETFs feature institutional-quality management that draws on the firm’s fundamental and quantitative expertise,’ said Edward Rosenberg, senior vice president and head of ETFs for American Century.
The American Century Diversified Municipal Bond ETF and the American Century US Quality Growth ETF are both priced at 29 basis points (bps) while the American Century Quality Diversified International ETF is priced at 39 bps.
American Century filed for the American Century Diversified Municipal Bond ETF last June. It is to be managed by Joseph Gotelli, Alan Kruss and Steven Permut.
It filed for the other two ETFs, which are both managed by Peruvemba Satish and Rene Casis, last April.
Casis was hired in January, which is around the time when the firm launched its first two ETFs: the $8.3 million American Century Stoxx US Quality Value ETF and the $12.2 million American Century Diversified Corporate Bond ETF.
Currently it also has filings out for two actively managed, semi-transparent ETFs: the American Century Growth ETF and the American Century Value ETF.
Both ETFs will use a non-traditional structure that American Century licensed from Precidian Investments, enabling the funds to trade daily like ETFs but avoid the standard ETF reporting structure, in which funds have to disclose holdings on a daily basis.
Notable firms to strike deals with Precidian, which is part-owned by Legg Mason, include Gamco Investors, JP Morgan Asset Management, Blackrock and Nationwide.
Impact Shares plots third ETF
ETF provider Impact Shares is to launch is its third ETF next week, Citywire can reveal.
The Impact Shares Social Development Goals Global Equity ETF will track the Morningstar Societal Development index, which is made up of large and mid-cap companies around the world that are committed to the sustainable development goals of the United Nations (UN) and display a commitment to reducing poverty, among other criteria.
The UN Sustainable Development Goals are 17 goals set by the UN Development Program, adopted in 2015 and intended to take place over the next 15 years, which aim to tackle issues like poverty, gender inequality and climate change.
The ETF is priced at 76 bps and is managed by Ethan Powell, chief executive of Impact Shares, according to a document filed with the Securities and Exchange Commission.
An Impact Shares spokeswoman confirmed that the ETF will launch next week.
The firm launched its first ETF, the Impact Shares NAACP Minority Empowerment ETF, in July and the Impact Shares YWCA Women’s Empowerment ETF in August.