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Key Highlights:
- TMX VettaFi acquires iNDEX Research, enhancing its indexing capabilities in EMEA markets.
- The acquisition strengthens TMX VettaFi's equity and fixed income offerings, with US$10B in linked assets.
- This marks TMX VettaFi's third major acquisition in indexing within 18 months, showcasing aggressive growth strategies.
TMX VettaFi, a subsidiary of TMX Group, has announced the acquisition of iNDEX Research and Development, a comprehensive index provider specializing in the design, calculation, and management of indexes across global equity and fixed income markets. This acquisition marks a significant milestone in TMX VettaFi's strategy to expand its services and strengthen its presence in the European, Middle Eastern, and African (EMEA) markets.
Tom Hendrickson, President of TMX VettaFi, emphasized the strategic importance of this acquisition, stating, "Today marks another exciting step in our global expansion strategy, enhancing the suite of services we provide to a growing international network of clients and partners." By integrating iNDEX Research’s capabilities, TMX VettaFi aims to bolster its operational efficiency and client service offerings, particularly in European time zones, allowing for better support of its international clients.
Established in 2015, iNDEX Research has made significant strides in the indexing industry, managing US$10 billion in linked assets. The firm offers a diverse portfolio that includes more than 200 ETFs and index funds, 20 passive pension and study funds, as well as quantitative investment models designed for hedge funds. This breadth of experience will be invaluable as TMX VettaFi seeks to enhance its indexing capabilities and meet the growing demand for innovative investment solutions.
This acquisition is part of a broader trend within TMX VettaFi, which has acquired two other major indexing firms in the past 18 months: the ROBO Global Index Suite in April 2023 and EQM Indexes in September 2023. These strategic moves reflect TMX VettaFi's commitment to expanding its indexing services and reinforcing its position as a leading player in the global financial market.
Yaniv Kunis, founder and CEO of iNDEX Research, expressed enthusiasm about the acquisition, highlighting the alignment between the two companies. "From our first meeting with the TMX VettaFi team, it was clear that both our capabilities and our cultures were highly aligned—nimble, innovative, and client-focused," Kunis said. He noted that this partnership will enhance the value delivered to clients and the global investment community.
The addition of iNDEX Research is expected to significantly strengthen TMX VettaFi's offerings, enabling the company to better serve its clients in an increasingly competitive market. The integration of iNDEX Research’s talent and operational capabilities will facilitate the development of new products and services tailored to the needs of investors.
As TMX VettaFi continues to expand its global footprint, the acquisition of iNDEX Research represents a pivotal step toward enhancing its capabilities in the indexing sector. The strategic focus on EMEA markets aligns with the growing demand for innovative financial solutions in these regions.
