Dimensional Fund Advisors (DFA) is riding high. At a time when many investors are abandoning actively managed stock funds, DFA’s passive portfolios have been attracting a steady flow of cash.
During the rough markets of the past decade, Marathon Value Fund (MVFPX) the fund returned 6 percent annually during the ten years through April 13, outdoing 97 percent of its large blend competitors.
Investors have been pouring into index funds of all varieties, including portfolios that track emerging markets and municipal bonds. But much of the attention has focused on funds that fit in the large blend box...