Edward Rosenberg to Oversee the Firm's Exchange Traded Funds Initiative

Edward Rosenberg Joins American Century Investments® to Oversee the Firm's Exchange Traded Funds Initiative

June 8, 2017 - Kansas City, Mo.

American Century Investments today announced that Edward Rosenberg has been named senior vice president and head of ETFs for the $165 billion* global asset management firm. Rosenberg joins American Century Investments from Northern Trust's FlexShares business, where he has served as senior vice president and head of ETF capital markets and analytics. The hiring of Rosenberg is in advance of American Century Investments' planned entry into the exchange traded funds (ETF) marketplace, which is slated to happen early next year.

"Ed brings nearly two decades of ETF experience to this newly created position at American Century Investments," said Jonathan Thomas, president and chief executive officer for the firm. "We'll leverage his expertise to develop an array of ETF solutions as we continue to invest in our capabilities that meet our clients' needs—in the ways they prefer—throughout their lifetimes."

As head of ETFs, Rosenberg will be responsible for creating American Century Investments' new line of ETFs, an investment vehicle that has surged in popularity with investors in recent years. In 2016, net share issuance of U.S. ETFs reached a record $284 billion, with total assets exceeding $2.5 trillion, according to the Investment Company Institute1.

Rosenberg will leverage the expertise of the firm's experienced investment teams to develop a suite of ETFs–including active ETFs–for investors. Unlike passive ETFs, which are designed to track an index, active ETFs are actively managed on a daily basis by a portfolio manager or team of managers making investment decisions in pursuit of a specific investment objective. Rosenberg also will be responsible for building relationships with market makers, authorized participants and exchanges.

"Our clients know and already appreciate the active management capabilities we will harness as we develop new ETF strategies," said Peruvemba Satish, American Century Investments senior vice president, portfolio manager and director of global analytics. "With the active ETF segment of the market still in the early stages of development, we're confident American Century Investments can be a very relevant player by providing the solutions our clients need now and in the future."

Prior to joining FlexShares in 2012, Rosenberg was director and head of capital markets and analytics with Russell Investments, where he helped launch the majority of the firm's current ETFs. Earlier in his career, he served in a variety of leadership positions at Vanguard, including ETF product manager. Rosenberg graduated from Muhlenberg College with a bachelor's degree in business administration and a master's degree in business administration from Pennsylvania State University.

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' 1,300 employees serve investment professionals, institutions, corporations and individual investors from offices in New York; London; Hong Kong; Mountain View, Calif.; and Kansas City, Mo. Jonathan S. Thomas is president and chief executive officer, and Victor Zhang and David MacEwen serve as co-chief investment officers. 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 nearly $1.3 billion since 2000. For more information about American Century Investments, visit www.americancentury.com.

Shares of exchange-traded funds (ETFs) represent interests in portfolios of securities, much like mutual funds. Unlike mutual funds, however, ETFs trade throughout the day on an exchange like an individual stock, with prices established by the market. An ETF generally tracks an underlying benchmark or index, such as S&P 500® Index.

* $165.3 billion in assets under management as of April 30, 2017

1 2017 Investment Company Fact Book, published April 2017

©2019 Standard & Poor's Financial Services LLC. All rights reserved. For intended recipient only. No further distribution and/or reproduction permitted. Standard & Poor's Financial Services LLC ("S&P") does not guarantee the accuracy, adequacy, completeness or availability of any data or information contained herein and is not responsible for any errors or omissions or for the results obtained from the use of such data or information. S&P GIVES NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE IN CONNECTION TO THE DATA OR INFORMATION INCLUDED HEREIN. In no event shall S&P be liable for any direct, indirect, special or consequential damages in connection with recipient's use of such data or information.

©2019 American Century Proprietary Holdings Inc. All rights reserved.