The SEC of the United States has issued an approval order allowing Dimensional to launch ETF share classes for its mutual funds.

Golden Finance reports that Nate Geraci, president of The ETF Store, stated on the X platform that the U.S. SEC has issued an approval allowing Dimensional to launch ETF share classes for mutual funds. Dimensional has become the second asset management company, after Vanguard, to possess this capability, and it is also the first institution to apply this model to actively managed products. In addition, approximately 90 other asset management companies are currently advancing applications for this business model.