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American Century Investments is a leading global asset manager focused on delivering investment results and building long-term client relationships while supporting research that can improve human health and save lives. Founded in 1958, American Century Investments’ 1,400 employees serve financial professionals, institutions, corporations and individual investors from offices in New York; London; Hong Kong; Frankfurt; Sydney; Los Angeles; Mountain View, Calif.; and Kansas City, Mo. Jonathan S. Thomas is president and chief executive officer, and Victor Zhang serves as chief investment officer. Delivering investment results to clients enables American Century Investments to distribute over 40 percent of its dividends to the Stowers Institute for Medical Research, a 500-person, non-profit basic biomedical research organization. The Institute owns more than 40 percent of American Century Investments and has received dividend payments of $1.6 billion since 2000.

Edward Rosenberg

Head of Exchange Traded Funds

Award Category
Asset Managers > New Product Development
First Semi-transparent Active ETFs
With a recent ruling, the U.S. Securities and Exchange Commission (SEC) has paved the way for an expansion of the 26-year-old ETF industry. The SEC decree approves Precidian Investments’ new ETF structure, bringing additional choices and investment strategies to the increasingly popular ETF industry.

The new products, commonly known as semitransparent (or non-transparent) ETFs, will give investors a larger marketplace and more choice when selecting strategies to meet their investment goals. Investors will have greater opportunities to enhance portfolio diversification within the lower-cost, tax-efficient ETF framework.

Until now, some premier asset managers have avoided the ETF structure due to its daily transparency requirements. These rules limited the number of actively managed strategies in the ETF marketplace. Several asset managers, including American Century Investments, have licensing agreements with Precidian to use the firm’s semitransparent ETF model, known as ActiveShares®.
Reimagining ETFs

Applying decades of active investing experience to our full line-up of ETFs.

Exploring ETFs
Our experts share ETF best practices, product knowledge and investing insights in our monthly series.
Active ETFs: A closer look
Active managers now offer their time-tested active strategies in what continues to be a popular investment vehicle, the Exchange Trade Fund.

About the Initiative

Guided Income Solutions℠ (GIS) is a turnkey, bucketed investment solution designed to deliver steady and tailored cash flows to clients planning for retirement. The bucketed investing framework provides an intuitive approach to converting clients’ nest eggs into an automatic income replacement based on their personal financial goals; the buckets automatically rebalance to systematically reduce risk and accommodate investors’ needs. GIS provides an alternative to annuities; delivering an investment approach that is flexible, liquid, and cost-effective.

GIS aims to transform and enhance current retirement income solutions, to: