The three funds are:

• Avantis Global Equity Active ETF (Cboe:AVTG); 
• Avantis Emerging Markets Equity Active ETF (Cboe:AVTS); and 
• Avantis Global Small Cap Value Active ETF (Cboe:AVTS).  

The ETFs commenced trading on the Cboe Securities Exchange (Cboe) on 1 October 2025, building on American Century's seven-year presence in Australia.  

Each ETF is equity-focused and designed to deliver long-term capital appreciation through diversified exposure across emerging markets and developed economies. The ETFs utilise a ‘dual-access’ structure, enabling investors to acquire or redeem units either on-market via Cboe or off-market through direct applications or withdrawals. 

The MinterEllison team advised on all legal, regulatory and tax aspects of the ETF launch, including product design and structuring, negotiation of the fund documentation, AFSL requirements, service provider appointments, market maker and authorised participant arrangements, the Cboe admission and approval process, the ASIC approval process, design and distribution obligations, offer documentation preparation, ongoing compliance requirements and marketing and promotion of the ETFs.

The team was led by Michael Lawson (Partner) and Martin Wright (Partner), supported by Prayas Pradhan (Special Counsel), Moustafa Afyouni (Senior Associate), Rebecca Mangos (Associate), Alex Mowbray (Lawyer), Jinny Li (Lawyer) and Isabella Greenhalgh (Paralegal). Specialists across Tax and Privacy Law also supported the transaction.

Commenting on the transaction, Michael Lawson, Partner at MinterEllison, said: “We’re proud to have supported American Century on the launch of its first ETFs in the Australian market. These products broaden access to innovative investment opportunities for local investors and bring a fresh approach to active investing through a dual-access structure that enhances flexibility and reach. Avantis Investors is recognised as one of the fastest-growing active ETF providers in the U.S. market, so it’s exciting to see that expertise now available to Australian investors."