from the WSJ
Alongside Vanguard, Dimensional Is Getting Inflows Too
While the mutual fund giant Vanguard Group is nabbing the lion’s share of investor money pouring into “passively-managed” products like index funds, it’s not the only company benefiting.
Little talked-about Dimensional Fund Advisors, an Austin, Texas-based money manager with $380 billion in assets under management, happened to rank among the top five companies experiencing the highest inflows into passively managed products through July this year, according to the research firm Morningstar Inc.
The asset manager has long run a series of proprietary mutual funds that operate like index funds because they are highly diversified – sometimes investing in thousands of stocks, for example – and therefore spread risk, unlike a traditional mutual fund operated by a star manager, Morningstar says. They also have low turnover in their investments and are low cost
Here are numbers for the flows into passive ETFs and funds
Passive Fund Net Flows ($Millions)
Name | 1-Mo | YTD | 1-Yr |
---|---|---|---|
Vanguard | 16.781 | 102.723 | 157.807 |
iShares/Blackrock | 3.322 | 29.387 | 48.653 |
Dimensional Fund Advisors | 2.296 | 16.771 | 25.932 |
First Trust | 398 | 6.222 | 10.649 |
Guggenheim Investments | 260 | 4.567 | 8.846 |
Fidelity Investments | 838 | 9.023 | 8.516 |
Schwab ETFs | 663 | 4.103 | 6.609 |
ProShares | 614 | 2.873 | 4.837 |
TIAA-CREF Mutual Funds | 267 | 1.635 | 2.589 |
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