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...The Merlin range has nearly a fifth of its equity assets — or £1bn — in two funds managed by Whitmore: the £2bn Jupiter UK Special Situations fund, and the £930mn Jupiter Global Value Equity fund....
...This article has been amended since initial publication to clarify that Lloyds will be the lead investor in the new fund...
...David McCann, an analyst at Numis, noted that a large portion of the fund group’s investors were “not well engaged”, with most of them constituting retail investors and passive funds....
...Dimensional, which has experienced sizeable outflows from its mutual fund business in recent years, jump-started its ETF franchise in 2021 by converting the first of seven existing funds into ETFs....
...Dimensional Fund Advisors and F/m Investments followed suit last summer, and Fidelity did the same in October. All four filings remain pending....
...why the SEC should allow other firms to launch ETF share classes of mutual funds, said Rob Harvey, co-head of product specialists at Dimensional....
...The mutual fund industry has been struggling to retain investors’ money even while new funds have poured into their exchange traded fund counterparts....
...Dimensional Fund Advisors also entered the ETF space in 2020, launching two active products. A year later, it converted its first set of mutual funds into ETFs....
...Fidelity leads the pack of managers with the most conversions at 12, followed by JPMorgan with eight and Dimensional Fund Advisors with seven, Morningstar Direct data shows....
...Dimensional Fund Advisors has filed an application to offer Vanguard-style exchange traded fund share classes on its US mutual funds in a move that, if approved, could mark the start of a revolution in the...
...The launches follow hot on the heels of US asset management giant Dimensional Fund Advisors entry into the Australian market with its own suite of active ETFs....
...Older investors also favoured more volatile emerging market funds, such as the Jupiter India fund, on the back of the country’s strong economic growth....
...Among the largest ETF issuers, defined as those with $50bn or more in assets under management, First Trust imposed the largest average fee hike of 0.016 per cent, while Fidelity and Dimensional made the...
...The investment bank’s chief global equity strategist has mapped out the multi-dimensional phenomenon of mounting stock market concentration — the rise of US stocks, the rise of tech stocks and the rise of...
...Net new business of £23.1bn from wealth management, private markets and solutions was offset by outflows of £13.4bn from mutual funds and institutional mandates....
...Two less established players, JPMorgan and Dimensional Fund Advisors, have aggressively developed their ETF line-ups in recent years to reach combined control of 3 per cent of the US market, up from less...
...Dimensional Fund Advisors followed suit this summer. Both filings remain pending....
...They are commonly used by hedge funds to build positions in companies and are typically facilitated by big banks....
...Dimensional Fund Advisors and T Rowe Price, also among the 10 largest US mutual fund shops, both entered the ETF space in 2020....
Redefining the future once again
...“There are just too many small fund managers there . . . [but the sector] will rebound.”...
...Even after upping its dividend for the 21st year in succession to 102p, there is plenty spare to fund either organic growth or acquisitions....
...Capital Group launched its first ETFs in 2022, Pimco recently filed its first ever request to convert a mutual fund into an ETF, and Dimensional Fund Advisors joined the top 10 US ETF issuers, despite having...
...If UK fund management has a Frankenstein’s monster then Abrdn best fits the bill....
...The damage was particularly acute in LDI pooled funds, which are managed for mainly smaller pension funds....
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