John Hancock’s four proposed sector ETFs will each carry annual fees of 0.5%.
“E ach ETF will maintain an objective of seeking to provide investment results that closely correspond, before fees and expenses, to the performance of its underlying index; Dimensional will be designing the six underlying indexes. While the ETFs are passively managed, the indexes will embody Dimensional’s multifactor investment philosophy and approach to portfolio construction, along with rules aimed at minimizing unnecessary or costly turnover,” according to the statement.
Dimensional launched its first strategy, which focused on the out-performance of U.S. small-caps, in 1981. That was followed by a fixed income strategy in 1983. The firm manages $406 billion for investors worldwide, according to its website.
ETF Trends editorial team contributed to this post.