PRNewswire/ -- American Century Investments, the $250 billion global asset manager*, expands its investment capabilities with the launch of the American Century U.S. Quality Growth ETF (AMEX:QGRO). Making its debut on 09/10/2018, this smart beta exchange traded fund provides investors broad exposure to high-quality U.S. growth companies.
The launch of the American Century U.S. Quality Growth ETF comes at a time when demand for quality growth investments is on the rise. According to Mike Rode, senior investment director at American Century Investments, small caps are experiencing a sell-off, causing investors to seek out opportunities in other sectors.
In addition to the launch of the ETF, American Century Investments is experiencing some changes in its portfolio management team. Portfolio manager Jeffery Houston is retiring after 34 years with the company, while another portfolio manager, Thomas Youn, is also transitioning to a new role within the firm.
John Lovito, co-chief investment officer for global fixed income at American Century Investments, has announced his plans to retire in March. As the firm prepares for these leadership changes, they continue to focus on delivering strong risk-adjusted returns for their clients.
On Thursday, American Century Investments introduced the American Century California Municipal Bond ETF (CATF), providing investors with a new opportunity to invest in municipal bonds in the state of California. This move aligns with the firm's dedication to offering a diverse range of investment options to meet the needs of their clients.
The new Quality Growth ETF is aimed at generating strong risk-adjusted returns by investing in undervalued companies expected to benefit from improving sustainability. This strategy reflects American Century Investments' commitment to sustainable investing practices and delivering long-term value to their investors.
In a recent development, a lawsuit has been filed alleging that Mariner Wealth Advisors conspired with American Century Cos. to suppress competition for workers. This legal action highlights the competitive landscape within the investment industry and the importance of transparency and fair business practices.
Overall, the expansion of American Century Investments' investment capabilities through the launch of the Quality Growth ETF demonstrates their commitment to providing innovative solutions for their clients. With a focus on quality growth investments and sustainable practices, the firm continues to evolve and adapt to meet the changing needs of investors in the 21st century.
