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VettaFi today announced it has signed a definitive agreement to acquire RAFI Indices, the renowned pioneer in fundamental indexing.
The acquisition unites RAFI’s decades of deep research and world-class intellectual property with VettaFi’s cutting-edge Index Factory technology and expansive distribution platform. By bringing these two powerhouses together, VettaFi is significantly expanding the toolkit available to asset managers by adding some of the most respected fundamental strategies in the industry to its growing roster of solutions.
Upon completion of the transaction, the milestone acquisition is expected to bring VettaFi’s asset base to more than $260 billion. RAFI Indices currently serve as the engines behind several of the market's most popular smart beta exchange-traded funds (ETFs), including the $25 billion Schwab Fundamental U.S. Large Company Index ETF (FNDX) and the $10 billion Invesco RAFI 1000 ETF (PRF).
"RAFI Indices has long set the gold standard for fundamental indexing," said Tom Hendrickson, President of VettaFi. "By integrating RAFI’s deep, institutional-grade research with our modern technology infrastructure, we are uniquely positioned to deliver an even broader suite of innovative, data-driven investment solutions. We are excited to welcome the brilliant minds of the RAFI team into the VettaFi family as we continue to build what’s next in index ETFs - together."
“Today we begin an exciting new chapter in the RAFI story. Our simple idea of creating an index strategy that selects and weights using fundamental measures of size, rather than price or market value, advanced the state of the art for equity investing,” said Rob Arnott, Founding Partner and Board Chair of Research Affiliates. “With TMX VettaFiʼs resources and our shared vision, they will be properly equipped to take RAFI, and our newer strategies in cap-weighted core and growth investing, to new levels of global success.”
The transaction is expected to formally close in the coming weeks, subject to customary closing conditions.
VettaFi LLC is a wholly owned subsidiary of TMX Group Limited (TMX Group). For more information about TMX Group, please visit: www.tmx.com
VettaFi today announced it has signed a definitive agreement to acquire RAFI Indices, the renowned pioneer in fundamental indexing.
The acquisition unites RAFI’s decades of deep research and world-class intellectual property with VettaFi’s cutting-edge Index Factory technology and expansive distribution platform. By bringing these two powerhouses together, VettaFi is significantly expanding the toolkit available to asset managers by adding some of the most respected fundamental strategies in the industry to its growing roster of solutions.
Upon completion of the transaction, the milestone acquisition is expected to bring VettaFi’s asset base to more than $260 billion. RAFI Indices currently serve as the engines behind several of the market's most popular smart beta exchange-traded funds (ETFs), including the $25 billion Schwab Fundamental U.S. Large Company Index ETF (FNDX) and the $10 billion Invesco RAFI 1000 ETF (PRF).
"RAFI Indices has long set the gold standard for fundamental indexing," said Tom Hendrickson, President of VettaFi. "By integrating RAFI’s deep, institutional-grade research with our modern technology infrastructure, we are uniquely positioned to deliver an even broader suite of innovative, data-driven investment solutions. We are excited to welcome the brilliant minds of the RAFI team into the VettaFi family as we continue to build what’s next in index ETFs - together."
“Today we begin an exciting new chapter in the RAFI story. Our simple idea of creating an index strategy that selects and weights using fundamental measures of size, rather than price or market value, advanced the state of the art for equity investing,” said Rob Arnott, Founding Partner and Board Chair of Research Affiliates. “With TMX VettaFiʼs resources and our shared vision, they will be properly equipped to take RAFI, and our newer strategies in cap-weighted core and growth investing, to new levels of global success.”
The transaction is expected to formally close in the coming weeks, subject to customary closing conditions.
VettaFi LLC is a wholly owned subsidiary of TMX Group Limited (TMX Group). For more information about TMX Group, please visit: www.tmx.com
