Core Insights - Aberdeen Investments has expanded its active ETF offerings with two new mutual fund conversions, focusing on municipal bonds and international small-cap equities [1][2][3]. Group 1: abrdn Ultra Short Municipal Income Active ETF (AMUN) - AMUN aims to provide high after-tax income while preserving capital, with a net expense ratio of 25 basis points [1]. - The fund primarily invests in investment-grade fixed income securities and targets an average effective duration of about two years or less [1]. - AMUN is expected to have significant exposure to municipal securities from states such as Pennsylvania, Mississippi, New York, and Texas [1]. Group 2: abrdn International Small Cap Active ETF (ASCI) - ASCI seeks long-term growth by focusing on international small-cap stocks, with a net expense ratio of 0.70% [2]. - The fund's active management approach aims to mitigate risks typically associated with international small-cap investments [3]. - ASCI's portfolio team evaluates companies based on quality, growth, and momentum, targeting high-quality firms with strong performance potential [3]. Group 3: Market Position and Growth - The launch of these fund conversions coincides with Aberdeen's U.S. ETF franchise surpassing $18 billion in assets under management (AUM) for the first time, indicating the strength of its fund lineup [4]. - Jim O'Connor, CEO of Americas at Aberdeen, emphasized that this milestone reflects the firm's commitment to meeting evolving client needs and the trust investors place in their differentiated approach [4].

Core Insights - Aberdeen Investments has expanded its active ETF platform, converting two mutual funds into fully transparent ETFs, marking a significant milestone as its U.S. ETF franchise surpasses $18 billion in assets under management for the first time [2][5]. Group 1: ETF Conversions and New Offerings - The abrdn Ultra Short Municipal Income Active ETF (AMUN) aims to provide high after-tax current income while preserving capital, co-managed by Jonathan Mondillo and Miguel Laranjeiro [2][3]. - The abrdn International Small Cap Active ETF (ASCI) focuses on identifying growth opportunities among under-researched international small-cap companies, co-managed by Kirsty Desson and Liam Patel [3]. - The merger of the abrdn China A Share Equity Fund and the abrdn Focused Emerging Markets ex-China Fund into the abrdn Emerging Markets Dividend Active ETF (AGEM) has been announced [4]. Group 2: Strategic Commitment and Market Position - The conversions reflect Aberdeen's commitment to delivering cost-efficient investment solutions to U.S. investors, building on the success of previously launched ETFs [5]. - Jim O'Connor, CEO of Americas, emphasized that crossing $18 billion in assets demonstrates the strength and scalability of the U.S. platform, enhancing access to Aberdeen's expertise in various investment areas [5]. - Jonathan Mondillo highlighted the current municipal market's opportunities, stating that the Ultra Short Municipal Income Active ETF conversion addresses investor demand for active fixed income solutions [5]. Group 3: Company Overview and Asset Management - As of June 30, 2025, Aberdeen manages $709.2 billion in assets for clients, with $504.1 billion managed within its Investments business [13]. - The company focuses on client-led growth, leveraging extensive research and investment expertise to identify suitable investment opportunities [13].