Investment Product and Service Launches

Dimensional Lists Three New Emerging Markets Equity ETFs

Dimensional Fund Advisors has announced the listing of three emerging markets equity ETFs that offer a diversified exposure to core, value and high-profitability equities within emerging markets.

“Dimensional’s expanded ETF suite leverages the firm’s 40-year track record of thoughtful portfolio design and flexible, cost-efficient implementation,” says Gerard O’Reilly, co-CEO and chief investment officer. “Investors can benefit from these funds’ broadly diversified exposure to emerging markets, delivered with a robust, systematic and scalable pursuit of higher expected returns.”

The new funds, which are listed on the New York Stock Exchange, are: Emerging Markets Core Equity 2 ETF, with a net expense ratio of 0.39%; Emerging Markets Value ETF, with a net expense ratio of 0.43%; and Emerging Markets High Profitability ETF, with a net expense ratio of 0.41%.

The three new funds join the growing lineup of Dimensional ETFs, which now amount to 23 funds and approximately $48 billion in assets under management.

Allspring Global Investments Selects SEI Trust Company to Serve as Successor Trustee for CIT Business

Allspring Global Investments (formerly Wells Fargo Asset Management) has selected SEI Trust Company to serve as successor trustee for its collective investment trust business.

According to the firms, as plan sponsors and participants demand more personalized retirement solutions and access to a wide variety of asset classes, CITs are increasingly becoming the vehicle of choice in the defined contribution market. To support that demand, the firms say, it is critical that investment managers select a properly aligned strategic partner.

“As a newly independent asset management company, we are pleased to partner with the SEI Trust Company as trustee to our Allspring CIT suite,” says Joseph Sullivan, board chair and CEO at Allspring. “With a wide range of asset classes and customization, our CIT platform is designed to offer plan sponsors and participants improved retirement investment flexibility. We are confident that SEI’s strategic partnership and operational platform will position us to best deliver for our global client base.”