American Century Investments to Liquidate Emerging Markets ETF
American Century Investments Announces ETF Liquidation
American Century Investments® has made an important announcement regarding the future of its ETF lineup. The company plans to close and liquidate the American Century Emerging Markets Bond ETF. This decision will mark a significant change in the management of their ETF offerings.
Details of the ETF Liquidation Process
The American Century Emerging Markets Bond ETF will cease trading on the NYSE Arca at the market's close on a noted upcoming date. After that date, the fund will no longer accept purchase orders. Following the cessation of trading, the fund is set to liquidate and distribute its remaining assets to shareholders who haven't already redeemed or sold their shares.
Prior to the final liquidation, it is crucial for investors to understand that the fund may not adhere to its stated investment objectives and strategies as it transitions its holdings into cash for the ultimate distribution to its shareholders.
Current ETF Management Landscape
As of the latest reports, American Century manages assets in ETFs totaling an impressive $51.5 billion. This financial commitment demonstrates their ongoing dedication to facilitating investment for a wide range of clients. Investors interested in diverse asset management strategies often turn to firms like American Century, especially in fluctuating market conditions.
Understanding American Century Investments
Founded in 1958, American Century Investments is recognized as a leading global asset manager. The firm is dedicated to delivering solid investment results while establishing long-term relationships with clients. They boldly support groundbreaking medical research initiatives, underscoring their corporate responsibility.
With a team of approximately 1,400 employees, American Century serves a variety of clients, including financial professionals, institutions, corporations, and individual investors. The company has multiple offices across the globe, enhancing their ability to respond to investor needs efficiently.
Jonathan S. Thomas serves as the president and chief executive officer of American Century Investments, with Victor Zhang as the chief investment officer. Their leadership has driven innovative strategies that focus on client success.
Moreover, American Century is notable for distributing over 40% of its dividends to the Stowers Institute for Medical Research. This organization, a nonprofit that conducts essential biomedical research, holds significant ownership in American Century Investments. Since the year 2000, the Institute has received dividend payments exceeding $2 billion.
Future Prospects and Client Relations
Investing with American Century Investments allows clients not just to seek financial growth but to participate in impactful philanthropic efforts within medical research. The company’s commitment to returning value to its stakeholders and contributing positively to society characterizes its operational philosophy. As they evolve and respond to market shifts, American Century aims to provide robust and adaptable solutions for managing wealth.
Frequently Asked Questions
What is the American Century Emerging Markets Bond ETF?
The American Century Emerging Markets Bond ETF is an investment fund that primarily invests in bonds from emerging market countries.
Why is American Century liquidating this ETF?
The liquidation is part of a strategic decision by American Century to refine and optimize their ETF offerings in response to market conditions.
What should current investors in the ETF do?
Current investors should consider their options regarding shares they hold, as the fund will soon cease trading and liquidate its assets.
How does American Century support medical research?
American Century invests over 40% of its dividends into the Stowers Institute for Medical Research, aiding in its fundamental scientific studies.
What size is American Century's ETF management portfolio?
American Century Investments currently manages about $51.5 billion in ETF assets, showcasing its significant presence in the investment community.
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