Dimensional in June became only the second U.S. issuer to pull off a conversion, transforming $29 billion worth of mutual funds into ETFs in an industry record.
While options trading shows that implied volatility has climbed, the actual level of price swings is easing down toward long-term lows.
With about $42.4 billion in its ETFs, Cathie Wood’s firm now ranks as the 11th largest issuer by assets.