A $527 Billion Quant Giant Slashes Fees With Outflows Building
- Dimensional reducing management fees on 33 mutual funds
- Reductions bring expenses closer to those for planned ETFs
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Quant giant Dimensional Fund Advisors is cutting management costs on more than a third of its mutual-fund offerings.
The money manager, which oversees $527 billion in assets, will slash fees on 33 equity mutual funds by 15% on an asset-weighted basis. The price cut goes into effect at the end of February, the Austin, Texas-based firm said in a statement.