Trillions
That Mutual Fund? It Has an ETF Now
With the first-ever ETF share class of an existing mutual fund launched, a long existing wall is suddenly coming down.
Photographer: John Taggart/Bloomberg
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With each passing year, ETFs pull in trillions of dollars while mutual funds steadily bleed assets. And yet, mutual funds still hold more money overall. Now, a long-standing wall between the two may finally be coming down. Dimensional Fund Advisors has launched the first-ever ETF share class of an existing mutual fund, a structure made possible by the expiration of Vanguard’s once-protective patent.