David Booth’s Dimensional Cuts Fees on 50 Funds

#Lifestyle Wealth


(Bloomberg) -- Dimensional Fund Advisors appears determined to build on its recent new-asset momentum: The pioneering quant firm just announced fee cuts across a swath of mutual funds and ETFs.

The $653 billion asset manager is lowering fees across 47 mutual funds and three exchange-traded funds in what amounts to a 13% reduction on asset-weighted basis, according to a press release. The cuts span equity and fixed-income funds and will take effect on Feb. 22.

It’s the latest bold move by David Booth’s Dimensional, on the cusp of becoming one of the top 10 largest ETF U.S. issuers after only launching its first fund in November 2020. The firm has converted nearly $40 billion of mutual fund assets into ETFs this year, becoming one of the first managers to do so. The fee cuts further Dimensional’s push into the $7 trillion ETF arena, while attempting to stem outflows from the firm’s mutual fund lineup -- Bloomberg Intelligence estimates roughly $12 billion has exited so far in 2021.

“Flows are showing money pouring out of mutual funds and into ETFs and they are being aggressive to do everything to stem outflows and attract new capital,” Bloomberg Intelligence analyst James Seyffart said. “Other legacy managers with no strategy for the ETF ecosystem and who aren’t cutting fees are basically sticking their head in the sand, as far as I’m concerned.”

Dimensional’s ETF stable currently includes 13 ETFs with roughly $44 billion in assets, according to Bloomberg Intelligence data. That lineup is expected to nearly double -- Dimensional filed for an additional 10 equity ETFs last month. 

https://www.wealthmanagement.com/etfs/david-booth-s-dimensional-cuts-fees-50-funds

To Find More Information, Go To Saubio Digital And Look Up Any Topic

Please follow and like us: Share This Post




Take a look at our comprehensive guide to the best and most popular information ebooks and products available today on Detoxing, Colon Cleansing, Weight Loss and Dating and Romance. They are all in one spot, easy to find and compere to make a quick selection for the product that best fits your needs or wants.

So browse through a category and make your  preferred selection and come back here to read  more choice articles and get a few more helpful tips on ways to help your enhancement.



Detoxing Reviews

Best Body Detoxification Guides & reviews





Colon Cleanse Reviews

Best Colon Cleanse Guides & Reviews





Weight Loss Ebook Reviews

Weight loss products really work! Click here





Dating and Romance Ebook Reviews

Looking for Dating Guides? Click here





Free Traffic System - Increase Targeted Website Traffic with Free Unlimited One Way Links

As an Amazon Associate I earn from qualifying purchases. “saubiosaubiosuccess.com is a participant in third party affiliate and advertising programs; The Amazon Services LLC Associates Program, Awin network, and other affiliate advertising programs are designed to provide a means for sites to earn advertising fees and commissions by advertising and linking to products on other sites and on Amazon.com. Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates.”

Leave a Reply

Your email address will not be published. Required fields are marked *


Saubio's Guide & Tools