The Austin, Texas-based firm’s Tax Managed DFA International Value Portfolio and its T.A. World ex U.S. Core Equity Portfolio are now the Dimensional International Value ETF (ticker DFIV) and Dimensional World ex U.S. Core Equity 2 ETF (DFAX), respectively, according to a press statement Monday.
It adds two more funds and about $8.1 billion in assets to Dimensional’s ETF lineup. The firm founded by David Booth now boasts nine ETFs worth around $40 billion, according to data compiled by Bloomberg.
Dimensional in June became only the second U.S. issuer to pull off a conversion, transforming $29 billion worth of mutual funds into ETFs in an industry record. The asset manager -- which controls $660 billion -- has aggressively targeted the ETF universe since launching its first products last November, touting the structure’s tax advantages and client demand.
Citigroup Inc. analysts said in a June forecast that Dimensional’s conversions would be one of several factors behind a $21 trillion shift from mutual funds to ETFs over the next decade. Bloomberg Intelligence expects $1 trillion worth of such switches to take place over the next 10 years.
JPMorgan Asset Management has announced plans to switch four funds with $10 billion in assets into ETFs next year.
To Find More Information, Go To Saubio Digital And Look Up Any Topic
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.
Colon Cleanse Reviews
Weight Loss Ebook Reviews
Dating and Romance Ebook Reviews