Bloomberg: Gerard O’Reilly Talks Fund Flows, Conversions, and More
Dimensional Co-CEO and Chief Investment Officer Gerard O’Reilly recently appeared on Bloomberg ETF IQ and discussed the firm’s strong fund flows despite several weeks of declines for benchmark indexes and stocks.
“It looks like we’re bucking the trend. We’ve had a solid set of flows into our strategies,” O’Reilly noted. “I think a lot of that is due to the discipline that the financial professionals we work with apply. They have a plan and they stick to the plan, regardless of what is going on in markets.”
During the appearance, O’Reilly also talked about Dimensional’s motivation for and success with converting mutual funds into ETFs over the past 18 months.
“When the [Securities and Exchange Commission] ETF rule came about in 2019, we looked at what we were able to do because of that rule and discovered we could make those strategies even better than they had been in the past by converting them to an ETF format,” he said. “So we took that opportunity. If we can do something better for our clients, we will.”
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