DFAE News and Press, Dimensional Emerging Core Equity Market ETF From 04/08/22

Russia’s President Vladimir Putin has fully miscalculated the West’s response to his invasion of Ukraine. The US Federal Reserve (Fed) looks to have underestimated the underlying price pressures that have accumulated in the US economy. The developing new world order ...

Stock markets fell in the first quarter as Russia’s invasion of Ukraine destabilized the growth outlook, amplified concerns about rising interest rates and unleashed geopolitical risks. While the conflict has created many uncertainties, we believe the impact of persistent infla...

The magnitude of the war’s impact on growth and inflation will be determined by how much and for how long energy prices rise. The war, economic sanctions and the associated rise in energy costs are likely to exacerbate global shipping impediments, too, which had begun to recove...

Follow the Money is a series of brief, information-rich posts that I will publish periodically but not on a fixed schedule. After rallying for 9 of the last 11 days, the S&P 500 went from down -13% to down just -3.4%. Growth has been hit hard by the slide in tech stocks this y...

Pick any barometer of costs these days, and the story is the same: Prices are up - and in a dramatic fashion. The first thing that jumps out is the dismal performance of most asset classes during periods of low growth and high inflation - otherwise known as stagflation. A solid fo...

There’s a lot of talk about the Fed’s balance sheet, but I think what people forget is that the size of the balance sheets relative to gross domestic product is much higher in Japan and Europe. We seek to invest where the greatest opportunity resides, be it in EMs direct...

The mitigation of country risk using political risk insurance has long been undervalued by foreign direct investors but may prove critical if governments are to mobilize financing in support of their recoveries from the COVID-19 pandemic. While the market intuitively understands the b...

Developed market central banks have started to raise interest rates, led by the Bank of England. Emerging market fundamentals are better in the current tightening cycle compared to history. In the five previous US rate hiking cycles, the MSCI Emerging Markets Index on average perf...

The US authorized participants were restricted from buying, selling, or settling Russian securities. Authorized participants have the right but not the obligation to transact in the primary market. Many large index providers announced plans to remove Russian equities from their in...

US valuations remain very high despite a recent selloff across the market cap spectrum. Developed foreign markets retreated to reasonable PE10 levels. Emerging market valuations have not budged much even with a more than 20% drop since February 2021. For further details see:...