Dimensional Fund Advisors has hired Andreas Constantoulakis as head of ETF capital markets EMEA from UBS Asset Management in a key appointment ahead of its entry into European ETFs.
Moving from Zurich to London, Constantoulakis (pictured) will spearhead the launch of the firm’s UCITS ETF offering and will work closely with the broker dealer community to ensure Dimensional’s European ETFs trade efficiently in primary and secondary markets.
Constantoulakis previously spent four-and-a-half years as head of ETF capital markets at Credit Suisse Asset Management prior to its acquisition by UBS, where he moved to another capital markets role last September.
Prior to this, he has also held ETF trading roles at Macquarie, ConvergEx and Societe Generale as well as equity dealing positions at State Street Global Advisors, Salomon Brothers and Dresdner Keinwort Wasserstein.
Dimensional already operated 243 mutual fund share classes in Europe as of Q1 this year, however, its low fee offering of quantitative investing and actively managed funds has seen it surge to among the largest issuers of active ETFs within years of entering the market in the US.
The firm has has a US-listed ETF range comprised of 40 products housing around $200bn assets under management (AUM).
Among these is the $33bn Dimensional U.S. Core Equity 2 ETF (DFAC), an actively managed strategy boasting a modest total expense ratio (TER) of 0.17%.
Its main rival in the space, JP Morgan Asset Management, currently enjoys a dominant position within Europe’s nascent active ETF market, with its $31bn of active UCITS ETF AUM at the end of 2024 equivalent to a 56.9% market share, according to data from ETFbook.
Dimensional's upcoming entry into European ETFs comes after fellow US asset manager Janus Henderson acquired Tabula Investment Managers to enter the market last May.
It also coincides with Boston-based manager Columbia Threadneedle announcing it would launch a debut quartet of active UCITS ETFs later this year.
