Dimensional Fund ETFs Launch as Quant Plans to Convert Mutual Funds
- Firm debuts actively-managed domestic, international ETFs
- Also readying conversions that will move $20 billion to ETFs
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Dimensional Fund Advisors’ exchange-traded funds begin trading today, a first step as the quant giant prepares to convert around $20 billion of mutual funds into the new wrapper.
The $527 billion manager based in Austin, Texas, released two actively-managed products, one focused on U.S. equities and the other on international stocks. Another fund tracking emerging market equities is slated to debut in December.