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27 October 2025
The news: Savana Asset Management has appointed the former CEO of Global X ETFs Australia Evan Metcalf as its executive director. The fund also recently launched a new capital raising round.
The context: Metcalf left Global X ETFs Australia in October 2024 after more than two years. He had also spent nearly five and a half years at ETF Securities Australia before it was acquired by Mirae Asset Global Investments and renamed Global X in 2022.
Metcalf joins the investment manager – which uses a proprietary tech platform with “cutting edge algorithmic design” to construct its portfolios – almost a year after Savana listed on the ASX.
Savana’s flagship ETF, the Savana US small caps active ETF was launched in November 2024. Since listing, the fund has performed 10% better than its investment benchmark.
The firm also has one unlisted fund and has a long-term plan to build more than 20 global ETFs.
Savana recently launched a new capital raising round to speed up the rollout of ETFs and expand funds under management.
The fund has already received follow-on investment from early backers venture capital firm Centerstone Capital and family office Riverbend Investments, which will make up between 20-25% of the total capital raise target. In total, they have invested $5 million to date.
The new funding round expects to give 15-20% equity in the company.
What they said: “Evan’s signing is a huge statement of intent. His experience building Global X into a leading ETF issuer will be invaluable as Savana scales from proven technology into global distribution,” Savana founder and director John Atkinson said
The news: Savana Asset Management has appointed the former CEO of Global X ETFs Australia Evan Metcalf as its executive director. The fund also recently launched a new capital raising round.
The context: Metcalf left Global X ETFs Australia in October 2024 after more than two years. He had also spent nearly five and a half years at ETF Securities Australia before it was acquired by Mirae Asset Global Investments and renamed Global X in 2022.
Metcalf joins the investment manager – which uses a proprietary tech platform with “cutting edge algorithmic design” to construct its portfolios – almost a year after Savana listed on the ASX.
Savana’s flagship ETF, the Savana US small caps active ETF was launched in November 2024. Since listing, the fund has performed 10% better than its investment benchmark.
The firm also has one unlisted fund and has a long-term plan to build more than 20 global ETFs.
Savana recently launched a new capital raising round to speed up the rollout of ETFs and expand funds under management.
The fund has already received follow-on investment from early backers venture capital firm Centerstone Capital and family office Riverbend Investments, which will make up between 20-25% of the total capital raise target. In total, they have invested $5 million to date.
The new funding round expects to give 15-20% equity in the company.
What they said: “Evan’s signing is a huge statement of intent. His experience building Global X into a leading ETF issuer will be invaluable as Savana scales from proven technology into global distribution,” Savana founder and director John Atkinson said
The news: Savana Asset Management has appointed the former CEO of Global X ETFs Australia Evan Metcalf as its executive director. The fund also recently launched a new capital raising round.
The context: Metcalf left Global X ETFs Australia in October 2024 after more than two years. He had also spent nearly five and a half years at ETF Securities Australia before it was acquired by Mirae Asset Global Investments and renamed Global X in 2022.
Metcalf joins the investment manager – which uses a proprietary tech platform with “cutting edge algorithmic design” to construct its portfolios – almost a year after Savana listed on the ASX.
Savana’s flagship ETF, the Savana US small caps active ETF was launched in November 2024. Since listing, the fund has performed 10% better than its investment benchmark.
The firm also has one unlisted fund and has a long-term plan to build more than 20 global ETFs.
Savana recently launched a new capital raising round to speed up the rollout of ETFs and expand funds under management.
The fund has already received follow-on investment from early backers venture capital firm Centerstone Capital and family office Riverbend Investments, which will make up between 20-25% of the total capital raise target. In total, they have invested $5 million to date.
The new funding round expects to give 15-20% equity in the company.
What they said: “Evan’s signing is a huge statement of intent. His experience building Global X into a leading ETF issuer will be invaluable as Savana scales from proven technology into global distribution,” Savana founder and director John Atkinson said
IMPORTANT DISCLAIMER:
This material has been prepared by Savana Asset Management Pty Ltd (ABN 79 662 088 904) (Savana). Savana is a corporate authorised representative of Fat Prophets Pty Ltd (ABN 62 094 448 549 AFS Licence No. 229183) (Fat Prophets), CAR Auth No. 1308949. The Savana US Small Caps Active ETF (ASX: SVNP) (ARSN 649 028 722) is issued by K2 Asset Management Limited (K2) ABN 95 085 445 094, AFS Licence No 244393, a wholly owned subsidiary of K2 Asset Management Holdings Limited (ABN 59 124 636 782). The information contained in this document is produced in good faith and does not constitute any representation or offer by K2, Savana or Fat Prophets.
This material is for information purposes only and has been prepared for both retail and wholesale investors. It is not an offer or a recommendation to invest. No representation is made as to future performance or volatility of the investment, and there is no guarantee that the investment objectives or strategy will be successful. Any forward-looking statements, opinions and estimates are based on assumptions and contingencies which are subject to change without notice. No representations or warranties, expressed or implied, are made as to the accuracy or completeness of the information contained in this document. In preparing this document, we have relied upon and assumed, without independent verification, the accuracy and completeness of all information available to Savana. Persons should rely solely upon their own investigations in respect of the subject matter discussed. To the maximum extent permitted by law, all liability in reliance on this document is expressly disclaimed.
This material may not be reproduced, distributed or published, in whole or in part, without the prior approval of Savana. There are risks associated with an investment in the Savana US Small Caps Active ETF (SVNP), including active management risk, market risk, currency risk, concentration risk, liquidity risk and model risk. Investment values may rise and fall, and past performance is not indicative of future performance.This document has not been prepared taking into account your objectives, financial situation or needs. An investment in SVNP should be considered as part of a broader portfolio, having regard to your individual objectives, financial situation and needs, including your tolerance for risk.
Before making an investment decision, you should consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD), available at www.savana.ai.
