The transaction aims to bring together RAFI’s decades of quantitative research and intellectual property with VettaFi’s Index Factory technology and distribution platform.
VettaFi, a New York-based differentiated index provider and a wholly owned subsidiary of TMX Group Ltd, has signed a definitive agreement to acquire RAFI Indices, broadening the firm’s capabilities across index design and implementation. The acquisition is expected to increase VettaFi’s asset base to more than US$260 billion RAFI Indices is an index company founded by Research Affiliates Global Holdings (Research Affiliates), a California-headquartered global investment adviser.