What's New

Each year, Dimensional analyzes returns from a large sample of US-based mutual funds. Our objective is to document the power of market prices by assessing fund manager performance relative to index benchmarks. This year’s study updates results through 2016. The evidence shows that a majority of fund managers in theRead More

Markets continued their climb during the 2nd Quarter of 2017 with most of the gains coming from outside of the United States. In the U.S., home sales reached highest levels since its peak before the 2008 Financial Crisis, job openings hit hew highs, the unemployment level fell to a 16-yearRead More

The financial services industry has evolved over the last six decades. What started as essentially a broker or salesman role for getting people access to publicly traded securities has transformed into an academic discipline. We have documented this evolution from its roots with Scottish philosopher Adam Smith, to French mathematicianRead More

As we approach a calendar quarter-end, investors should be expecting both dividend and/or capital gain distributions from their mutual funds. The mechanics may confuse some investors, so we wanted to take the opportunity to review the process.Read More

Multi-factor investing is slowly becoming a more common investment strategy among professional investment management firms. These firms, more informally known as “quants,” use statistical models to understand the common factors that drive performance in markets around the world. By structuring strategies that focus on these factors, managers can increase theRead More