Dimensional Converts $29 Billion of Mutual Funds Into ETFs

Dimensional Fund Advisors just became one of the biggest players in the $6.5 trillion exchange-traded fund arena.

In a milestone moment for the management industry, the $637 billion quant pioneer founded by David Booth has converted four equity mutual funds with $28.8 billion of assets into ETFs.

At a stroke, it puts Dimensional on the cusp of being one of the 10 biggest U.S. ETF issuers by assets and takes its lineup to seven funds.

Meanwhile the Austin, Texas-based firm has already filed for at least two more conversions. It is also looking at fixed-income products and hopes to launch a solution in that space by the end of the year, according to co-Chief Executive Officer Gerard O’Reilly.

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Robert J. Pyle, CFP®, CFA is president of Diversified Asset Management, Inc. (DAMI). DAMI is registered as an investment adviser with the U.S. Securities and Exchange Commission (“SEC”) with its primary place of business in the state of Colorado. DAMI will only transact business in other states to the extent DAMI has made the requisite notice filings or obtained the necessary licensing in such state. No follow up or individualized responses to persons in other jurisdictions that involve either rendering or attempting to render personalized investment advice for compensation will be made absent compliance with applicable legal requirements, or an applicable exemption or exclusion. References to registration with the SEC do not imply any endorsement or approval of the qualifications of the firm, nor do they imply that the firm’s representatives have attained a particular level of skill or training. To contact Robert, call 303-440-2906 or e-mail info@diversifiedassetmanagement.com.

 

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