The ETFs debuted on the ASX this month
K&L Gates has guided Dimensional Fund Advisors (Dimensional) on the launch of three new equity exchange-traded funds (ETFs) on the ASX.
The ETFs that debuted on the exchange on 19 August are the Dimensional Australian Value Trust – Active ETF (DAVA), Dimensional Global Value Trust – Active ETF (DGVA), and Dimensional Global Small Company Trust – Active ETF (DGSM). The ETFs are available in a “dual-access” structure that can be accessed through ASX-listed and unlisted distribution channels alike.
“Dimensional continues to make strong inroads in the Australian ETF market, which has had extraordinary growth. We are delighted to assist an important global client in its expansion in Australia”, K&L Gates co-lead partner Lisa Lautier said.
Lautier led that team that worked on this transaction alongside partner Matthew Watts (asset management and investment funds) with support from lawyer Dhivya Kalyanakumar.
Dimensional is a wholly owned subsidiary of Dimensional Fund Advisers LP in the US. The firm oversees more than $1.1tn worldwide for investors; it manages over $50bn for clients in Australia and New Zealand.
