What is DFA's business strategy? What do you think of the firm? Are the DFA people really believers in efficient markets? 

Do the Fama-French findings make sense? Should we expect small stocks to outperform large stocks in the future? Value stocks to outperform growth stocks? 

Why has DFA's small stock fund performed so well? 

What are DFA's products? How do DFA's new tax-managed strategies work? Is DFA's tax-managed fund family likely to be successful, or remain just a small niche market? What is the expected gain from DFA's tax management strategy, and what is the increase in volatility that results from it? Do the numbers in case Exhibit 12 make an overwhelming argument for the benefit of tax management? 

Answer rating: 100% (QA)

1 DFAs Business Strategy Dimensional Fund Advisors DFA follows an evidencebased investment approach rooted in academic research particularly influenced by Eugene Fama and Kenneth Frenchs work Their st... View the full answer