The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:We Have No Army, Says DFA's Steiman Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, September 04, 2012

We Have No Army, Says DFA's Steiman

Reported by Sean Hanna, Editor in Chief

Even the Canadians are noticing a good story out of Texas. Rob Carrick, reporting for Montreal's Globe and Mail, catches all of the basics of the story: the "father of modern finance" Eugene Fama, is on the board, the funds are only sold through advisors, it does little marketing and lets its results sell.

The fund family in the paper's spotlight is, of course, Austin, Texas-based Dimensional Fund Advisors [profile].

"They're almost anti-marketers," consultant Dan Richards tells the paper. "There are only a few firms like that — Vanguard would be an another example."

DFA now claims $239 billion of AUM across all of its product. The "160 or so" advisors in Canada account for just $4.5 billion of that amount. The Canadian operations are based in Vancouver.

The paper tells Canadian investors that the mutual fund firm is "rooted in academic research," with a bent towards focusing on smaller companies and value stocks.

DFA's Canadian head Brad Steiman tells the paper that “We’re obsessed with costs and this is one area we keep an eye on." He adds that "We don't advertise, we don’t buy assets, we don't have an army of sales people knocking on doors."  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use