The cuts among 47 mutual funds and three ETFs span equity and fixed-income funds and will take effect on Feb. 22.

The $1.4 trillion asset manager expects to complete the process of flipping two mutual funds with roughly $250 million of assets into ETFs by the third or fourth quarter of next year.

“Fixed-income is really the only game in town if you want to harvest losses at this point in the year.”

In this week's fund news, Ritholtz and WisdomTree launch the RWM WisdomTree Crypto Index, Thrivent gets into the ETF business, Apollo moves further into wealth management, and the first NFT-focused ETF comes to market.

The major expansion underscores Dimensional’s commitment to its ETF business after enjoying rapid success with its first few funds.

A few tweaks to the traditional 60/40 portfolio may be enough to keep clients happy and healthy over the upcoming market cycle.

Franklin Templeton's announcement it will buy Lexington Partners, a private equity fund manager, for $1.75 billion, comes on the heels of T. Rowe Price's $4.2 billion purchase of Oak Hill Advisors.