just made a deal to power another mutual fund shop's new smart beta ETF line.
| Andrew G. Arnott|
John Hancock Investments
Yesterday Andrew Arnott's
Boston-based John Hancock Investments
with the SEC to launch six multi-factor ETFs, all subadvised by Booth's Austin-based Dimensional Fund Advisors
]. The suite includes a large cap ETF, a mid cap ETF, a consumer discretionary ETF, a financials ETF, a healthcare ETF, and a technology ETF, and they have price tags ranging from 35 to 50 basis points. Hancock also trumpeted
the alliance via a release.
Though these specific products are new, Hancock and DFA are not new to each other. Hancock and DFA both confirm that DFA has been powering Hancock mutual funds and asset allocation portfolios since 2006.
| David G. Booth|
Dimensional Fund Advisors
"John Hancock Investments has selected Dimensional to subadvise six new ETFs that are currently in registration with the SEC," A spokesman for DFA confirms in an emailed statement. "These new strategies add to the subadvisory relationship Dimensional and John Hancock Investments have shared for nearly 10 years."
will serve as transfer agent and custodian for the proposed ETFs, while Foreside
will serve as principal distributor.
Neil Anderson, Managing Editor
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