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DFA undergoes a sea change -- literally -- with a fancy yacht soirée, cigars and champagne as it attempts to sail away from its mutual fund image into the world of ETFs

Having just about staunched net outflows with its embrace of ETFs, DFA is embarking on a cultural shift as it tries to figure out how to sell more, even though it's less unique than it used to be.

Author Oisin Breen March 13, 2024 at 1:46 AM
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Rob Harvey: It’s a new approach that fits the new vehicle.
Brooke Southall and Keith Girard contributed to the editing of this article.



People Moves

roger hewins

roger hewins

March 13, 2024 — 3:37 PM
Are you seriously comparing hundreds of mutual funds in a wide array of equity and fixed income strategies to the S&P 500?
Brian Murphy

Brian Murphy

March 13, 2024 — 6:57 PM
DFA is just the canary in the coal mine for mutual fund management companies...each looking to stuff their operations into a lower cost ETF wrapper like a fat lady trying to pry on a pair of size 6 shoes on her size 8 hoofs. The idea that their "intellectual property" is of value harkens back to days passed, and NOT coming back. There are a bunch of these firms that need to do more than just re-package their products...they need to rethink their place in the world. Unfortunately none are doing so. They will continue to leak assets.


March 14, 2024 — 7:35 PM
I'm with Roger Hewins...

Related Moves

August 9, 2022 at 1:57 AM

After adding an ex-iShares product chief to call the shots and -- oye -- lowering fees, Dimensional Fund Advisors humbly and belatedly charges into ETFs and should score $5 billion in two years, an analyst says

DFA nabbed Nicole Hunter's BlackRock ETF playbook and committed to ETF-level fees to show the industry it plans to play to win assets -- even if some come from within.

November 12, 2020 at 4:43 AM

RIA Quick Takes: Orion deepens DFA embrace by using it as portfolio manager-inside-ETF ~ Hardship withdrawals surge at Vanguard and Fidelity ~ Schwab hires 400 ~ Fidelity flips six funds into ETFs ~ Kitces makes list before Christmas ~ Amit Dogra has $1 billion of good news from his new Portland gig

Americans are struggling, though jobs are plentiful; Larry Fink's ESG zeal costs BlackRock another client, just as the Vatican issues ESG guidance; UBS says we didn't like you anyway to mass affluent and Michael Kitces and Craig Iskowitz join forces.

December 3, 2022 at 3:16 AM

Avantis Investors rakes in another top-tier PIMCO talent who can do a very un-asset managerial task --talk to RIAs directly

Ex-DFA co-CEO Eduardo Repetto gets Hozef Arif to fill another key seat at the 60-person suite in Little Tokyo (LA) after he checks all the boxes

July 25, 2020 at 1:20 AM

Mentioned in this article:

Cerulli Associates
Consulting Firm
Top Executive: Kurt Cerulli

Buckingham Strategic Partners
TAMP, Asset Manager for RIAs
Top Executive: Alex Potts

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