Avantis All International Markets Equity ETF (AVNM)
Avantis All International Markets Equity ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Kansas City, MO, US. The stock last traded at $85.20, up 0.75% on the session, giving a market capitalisation of $692.2M. Its beta of 0.81 implies it has historically moved less than the broad market.
AVNM is designed to provide investors with low-cost, tax-efficient, and diversified international equity exposure. Its portfolio consists of other select Avantis exchange-traded funds that invest in global companies of all market capitalizations outside the US. The fund focuses on securities with higher expected returns or those with better risk characteristics than a passive, market cap-weighted index. It follows specific targets weights for both emerging and non-US developed markets in a 30/70 ratio with a 10%-15% range difference. Since the fund is actively managed, decisions regarding the funds allocations, including geographies, investment styles, and changes within the target ranges are solely at the discretion of the manager. The fund may also undergo regular reviews to identify necessary rebalancing.
Avantis All International Markets Equity ETF is most often compared with the following Financial Services names: