David Booth’s Dimensional Is Already the Biggest Active ETF Firm
- Quant firm manages $46 billion just 14 months after ETF debut
- Record-setting mutual fund conversions fueled DFA’s growth
This article is for subscribers only.
David Booth’s Dimensional Fund Advisors has seized the crown of largest active ETF manager 14 months after the quant giant entered the industry.
Supercharged by a series of unprecedented mutual fund conversions, assets across the firm’s 13 exchange-traded funds have surged to nearly $46 billion, surpassing First Trust’s $45 billion haul in actively managed funds, according to Bloomberg Intelligence data. Including passively managed funds, Dimensional is on the cusp of becoming one of the top 10 largest U.S. issuers.