Latest news with #Dimensional
Yahoo
08-07-2025
- Business
- Yahoo
Innovator Launches 2 Dual Directional ETFs
Two new ETFs are designed to let investors benefit from up and down markets — but will they want to? Innovator ETF's two new dual directional strategies allow investors to benefit from market upturns or downturns so long as their index, the S&P 500, stays within a certain range. Like most buffered products, the funds limit upside yield and buy additional put options under the hood. The products are mainly aimed at highly risk-averse investors, like retirees or pre-retirees, who are more concerned with capital preservation than capital accumulation, according to Innovator's director of product strategy Andrew Nelson. Not all experts are convinced of the product's utility, however, because of its high upside cap. 'The payoff structure works really well when you're in those negative 10% to negative 15% ranges, and that just doesn't happen very often,' said Charles Champagne, head of ETF strategy at AllianzIM. 'So the payoff structure benefit is a little narrow.' READ ALSO: All Sunshine for First Spot Solana ETF and Dimensional Hits $200B in ETF Assets Dual directional strategies have long existed in the insurance and annuities spaces — for example, with registered indexed-linked annuities, or RILAs — but Innovator's products mark their entry into the world of ETFs, according to experts. 'There's no free lunch. It's not magic, it's not voodoo,' Nelson said. 'The cost of this is actually that your 'normal' cap, your standard cap that you know and love, is going to be lower than [that of] a competitor.' The two strategies have slightly different buffer levels and upside caps: The Innovator Equity Dual Directional 10 Buffer ETF (DDTL) has a 10% inverse cap and buffer level and a 12.59% upside cap. The Innovator Equity Dual Directional 15 Buffer ETF (DDFL) has a 15% inverse cap and buffer level and a 12.59% upside cap. Product Palooza. The dual directionality funds are the latest introduction of strategies into the ETF world, like autocallables, that have long existed in other spaces. 'As issuers try to find new areas to bring products, they look to insurance products and at the structured notes that are available,' Champagne said. 'It's not surprising that these came to market.' This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter.
Yahoo
08-07-2025
- Business
- Yahoo
Dimensional Hits $200B in ETF Assets
It took nearly as long to build the Hagia Sophia. Dimensional Fund Advisors just surpassed $200 billion in ETF assets, a milestone that came less than five years after the firm brought its first exchange-traded fund to the market. Much of the growth has happened since 2023, when it reached $100 billion in ETF assets and began rolling out additional products. That has coincided with two factors putting wind into the ETF business' sails — demands for low costs and active management. The firm, which takes an untraditional approach to active management, is known for 'strategic beta' or 'smart beta,' in which investment decisions are passive, but the timing of rebalancing involves active choices. It bills itself as the top issuer of active ETFs. 'Our clients have lots of disparate needs when it comes to investment solutions,' said Wes Crill, senior client solutions director at Dimensional. 'The active ETF landscape seems to be growing substantially.' READ ALSO: All Sunshine for First Spot Solana ETF and Innovator Launches 2 Dual Directional ETFs Dimensional has seen $123 billion in flows since late 2020, with $44 billion coming into the newly established ETFs via conversions of the company's existing mutual funds. To date, the firm has 41 ETFs and is effectively first in line for the long-coveted dual share class structure, pending approval by the Securities and Exchange Commission. That development would let asset managers offer ETF share classes of mutual funds and vice versa. Companies that have the capabilities to handle both mutual funds and ETFs could launch versions of existing strategies more easily, and gain tax benefits stemming from ETFs' in-kind redemptions. The firm's ETF sales have been trending up over the past few years: The funds have raked in $20 billion so far this year, compared with $38 billion in all of 2024, $31 billion in 2023, and $26 billion in 2022. Of the 41 total ETFs, 16 saw net inflows of more than $1 billion last year. A New Dimension: After investors began shedding shares of Dimensional funds in 2019, the firm lowered fees and introduced its ETFs, which quickly brought sales back up, according to Morningstar. While the company has converted some mutual funds to ETFs, it offers nearly identical strategies in both vehicles, along with separately managed accounts. That's a necessity, as preferences based on tax treatment can change, Crill said. 'What's interesting today to investors … may not always be the case,' he said. 'That's why we have to have a diverse set of offerings.' — Emile Hallez This post first appeared on The Daily Upside. To receive exclusive news and analysis of the rapidly evolving ETF landscape, built for advisors and capital allocators, subscribe to our free ETF Upside newsletter. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
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Parkwoods Wealth Partners Names Kevin Reilly, CFP®, as Chief Financial Officer and Head of M&A
Strategic hire strengthens Parkwoods' financial leadership and supports advisor-centric growth strategy ST. LOUIS, June 24, 2025--(BUSINESS WIRE)--Parkwoods Wealth Partners today announced Kevin Reilly, CFP®, as its new Chief Financial Officer and Head of Mergers & Acquisitions, a move that reflects the firm's strategic commitment to growth through partnerships with independent advisory firms. Reilly brings nearly two decades of experience spanning Wall Street investment banking and strategic advisory in the RIA space. As an M&A investment banker at Barclays, he executed on transactions worth $10 billion in cumulative enterprise value. He then spent seven years at Dimensional Fund Advisors supporting RIAs with combined assets exceeding $30 billion. Most recently, he advised wealth management firms on strategic growth and M&A at Advisor Growth Strategies, a leading management consulting and transaction advisory firm in the wealth management space. CEO Al Sears emphasized the significance of Kevin's hire: "We've reached a point in our growth where operational and capital sophistication need to keep pace with our vision. Kevin brings both. His background at Barclays and Dimensional gives him a unique ability to think strategically and execute precisely." In his new role, Reilly will lead Parkwoods' internal financial function, spearhead acquisition strategy, and guide integration efforts, emphasizing sustainable growth and advisor alignment. "As we continue to scale, we're focused on building a firm that lasts," said Ed Edwin, COO and Co-Founder. "Kevin understands how to structure long-term growth, and he knows what success looks like for the advisors we work with." Reilly's time at Dimensional makes him a particularly strong fit. "Our investment strategy is rooted in evidence, and we apply that same discipline to how we build the firm," said Bob French, CFA, Chief Investment Officer and Head of Marketing. "Kevin brings a data-driven approach to capital allocation and M&A that fits perfectly with our vision." Chris Gardner, Head of Advisory, further highlighted Kevin's industry understanding: "Kevin has sat at the table with founders facing critical decisions. He brings credibility, empathy, and strategic clarity—qualities essential to supporting our advisor partners." For Kevin, joining Parkwoods was a clear choice: "This is a firm that puts its philosophy into practice – both in how it invests and how it grows. I'm excited to help build a Finance and M&A strategy that supports advisors and enhances client outcomes." Reilly holds an MBA in Finance from Columbia Business School, a BA in English and Philosophy from Boston College, and is a Certified Financial Planner™. He will be based in Charlotte, NC and will report directly to CEO Al Sears. About Parkwoods Wealth PartnersParkwoods Wealth Partners is dedicated to helping individuals and families live purposeful financial lives through evidence-based investing and Principles First Financial Planning. By partnering with independent advisors, Parkwoods combines institutional resources with boutique flexibility, emphasizing fiduciary responsibility and enduring client relationships. View source version on Contacts Bob
Yahoo
12-06-2025
- Business
- Yahoo
Dimensional Fund Advisors Ltd. : Form 8.3 - RICARDO PLC
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BYA PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the 'Code') 1. KEY INFORMATION (a) Full name of discloser: Dimensional Fund Advisors Ltd. in its capacity as investment advisor and on behalf its affiliates who are also investment advisors ('Dimensional'). Dimensional expressly disclaims beneficial ownership of the shares described in this form 8.3. (b) Owner or controller of interests and short positions disclosed, if different from 1(a):The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates:Use a separate form for each offeror/offeree Ricardo PLC (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken:For an opening position disclosure, state the latest practicable date prior to the disclosure 11 June 2025 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?If it is a cash offer or possible cash offer, state 'N/A' N/a 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: 25p ordinary (GB0007370074) Interests Short Positions Number % Number % (1) Relevant securities owned and/or controlled: 889,716 1.43 % (2) Cash-settled derivatives: (3) Stock-settled derivatives (including options) and agreements to purchase/sell: Total 889,716 * 1.43 % * Dimensional Fund Advisors LP and/or its affiliates do not have discretion regarding voting decisions in respect of 7,529 shares that are included in the total above. All interests and all short positions should be of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors' and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchase/sale Number of securities Price per unit (b) Cash-settled derivative transactions Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state 'none' None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:(i) the voting rights of any relevant securities under any option; or(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:If there are no such agreements, arrangements or understandings, state 'none' None (c) Attachments Is a Supplemental Form 8 (Open Positions) attached? NO Date of disclosure 25 June 2025 Contact name Thomas Hone Telephone number +44 20 3033 3419 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel's website at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-06-2025
- Business
- Yahoo
Dimensional Fund Advisors Ltd. : Form 8.3 - UNITE GROUP PLC/THE
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BYA PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the 'Code') 1. KEY INFORMATION (a) Full name of discloser: Dimensional Fund Advisors Ltd. in its capacity as investment advisor and on behalf its affiliates who are also investment advisors ('Dimensional'). Dimensional expressly disclaims beneficial ownership of the shares described in this form 8.3. (b) Owner or controller of interests and short positions disclosed, if different from 1(a):The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates:Use a separate form for each offeror/offeree UNITE Group PLC/The (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken:For an opening position disclosure, state the latest practicable date prior to the disclosure 05 June 2025 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?If it is a cash offer or possible cash offer, state 'N/A' YESEmpiric Student Property PLC 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: 25p ordinary (GB0006928617) Interests Short Positions Number % Number % (1) Relevant securities owned and/or controlled: 4,795,120 0.98 % (2) Cash-settled derivatives: (3) Stock-settled derivatives (including options) and agreements to purchase/sell: Total 4,795,120 * 0.98 % * Dimensional Fund Advisors LP and/or its affiliates do not have discretion regarding voting decisions in respect of 16,870 shares that are included in the total above. All interests and all short positions should be of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors' and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchase/sale Number of securities Price per unit (b) Cash-settled derivative transactions Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state 'none' None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:(i) the voting rights of any relevant securities under any option; or(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:If there are no such agreements, arrangements or understandings, state 'none' None (c) Attachments Is a Supplemental Form 8 (Open Positions) attached? NO Date of disclosure 06 June 2025 Contact name Thomas Hone Telephone number +44 20 3033 3419 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel's website at in to access your portfolio
