American Century Emerging Markets Bond ETF (AEMB) is an actively managed exchange-traded fund that seeks high levels of income and attractive risk-adjusted returns through investments in emerging markets debt securities; these include sovereign and quasi-sovereign debt, emerging markets corporate debt, and U.S. dollar-denominated hard currency bonds without limitations on credit quality; the fund employs a fundamental, research-driven process to select securities from countries such as Mexico, Brazil, Colombia, Indonesia, and South Africa.
The ETF targets institutional and individual investors seeking diversification and yield in the emerging markets bond segment; it was launched on June 29, 2021, and lists on the NYSE Arca exchange under the ticker AEMB with CUSIP 025072414; issued by American Century Investments, founded in 1958 and headquartered in Kansas City, Missouri, the fund had approximately $28.7 million in assets as of June 30, 2024, with a gross expense ratio of 0.43% and monthly dividend distributions.
In a significant recent development announced on September 11, 2024, American Century Investments elected to close and liquidate the AEMB ETF; trading ceased on September 26, 2024, with final shareholder distributions occurring on or about October 3, 2024, as the fund converted holdings to cash; this reorganization reflects strategic adjustments within American Century's broader ETF lineup, which manages $51.5 billion in assets.