Dimensional Fund Advisors is moving to tap the booming world of sustainable investments in its next ETF expansion.
The company is planning to launch four new sustainability-focused exchange-traded funds. If the preliminary registration statement is approved by the Securities and Exchange Commission, the funds will focus on investments in stocks and bonds worldwide that are associated with low emissions of greenhouse gases.
If listed, the funds will join Dimensional’s expanding suite of ETFs, which have about $48 billion in assets under management.
The market for environmental- and socially-minded funds has been a booming niche on Wall Street. Such ESG funds have pulled in $3.9 billion this year on the heels of a $36 billion inflow in 2021, according to data compiled by Bloomberg.
In March, the Austin, Texas-based Dimensional added four new ETFs that target non-U.S. equities across market caps, bringing the firm’s total fund count to 20. It is already among the top-10 issuers of ETFs after joining the $7 trillion industry in less than two years.
Retiring RIA seller David Laidlaw alleges the Carnegie valued his stake on $11.7 million EBITA while pitching potential buyers on $21.3 million.
New tool gives RIAs and family offices AI help vetting private market deals, with some users reportedly halving review time.
Investors got projected returns dressed up as real ones, SEC says
Parents must still act to get the $1,000 federal seed and employer contributions, giving financial advisors a role in the rollout.
FINRA booted Rudy Anguiano from the industry for “conversion - the intentional and unauthorized taking of another person’s property.”
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
