The US’s largest issuer of actively managed exchange traded funds is set to launch its first ETFs in Europe, in a move that will widen the choices for UK retail investors.
Texas-based Dimensional Fund Advisors will unveil a core developed markets ETF and a small and mid-cap value fund, both listed in London and Frankfurt, before the end of the year.
The move by Dimensional, which runs $206bn of actively managed ETFs in the US — more than $1 in every $6 invested in the sector, according to Morningstar data — will broaden access to retail investors as its mutual funds, which hold $64bn of assets in continental Europe and the UK, are sold to independent financial advisers, wealth managers and institutions.