FYI: For decades, mutual funds run by Dimensional Fund Advisors have been the forbidden fruit for do-it-yourself investors. They were top performers with low fees, but you couldn’t buy them unless you hired a financial advisor who had gone through a training program with Dimensional, also known as DFA. Those advisors could be hard to find and, of course, would charge a fee.
That changed in late June, when American Century Investments announced that it had hired Eduardo Repetto, a 17-year DFA veteran who had been both its chief investment officer and co-CEO at different points in time. Patrick Keating, DFA’s former chief operating officer, also joined the Kansas City-based money manager. Together, the two will run American Century’s Avantis Investors division, which will be launching five actively managed factor-based mutual funds (also sold only to fee-only advisors) and five parallel exchange-traded funds that seem remarkably like DFA products.
Regards,
Ted
https://www.barrons.com/articles/dfa-alums-launch-new-factor-etfs-with-american-century-51564173192?mod=past_editions
