Dimensional Converts $29 Billion of Mutual Funds Into ETFs
- Puts quant giant on cusp of joining 10 biggest U.S. issuers
- Firm eyes fixed-income products; two more conversions on way
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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 money 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.