TMX VettaFi Acquires Credit Suisse Bond Indices From UBS

Rhea-AI Summary

TMX VettaFi has announced the acquisition of Credit Suisse's Bond Indices from UBS, marking its fourth major acquisition in 18 months. This strategic move strengthens the company's fixed income indexing capabilities and expands its services to international clients.

The acquired bond index franchise covers government, credit, and emerging markets bonds, along with advanced tools and analytics for custom fixed income exposures. TMX VettaFi's platform now encompasses over 700 indexes with $53 billion in passively tracked assets and $41 billion in benchmarked assets.

This acquisition follows previous purchases of iNDEX Research (US$10B in linked assets) in October 2024, ROBO Global Index Suite in April 2023, and EQM Indexes in September 2023. The company highlights that while fixed income represents about 20% of the ETF market, the global bond market ($140 trillion) exceeds the global equity market ($115 trillion), presenting significant growth opportunities.

Positive

• Acquisition strengthens fixed income indexing capabilities
• Platform now includes 700+ indexes with $53B in tracked assets
• Additional $41B in benchmarked assets
• Fourth strategic acquisition in 18 months showing consistent growth
• Expands into $140T global bond market opportunity

Negative

• None.

TMX VettaFi strengthens its fixed income capabilities

Toronto, Ontario--(Newsfile Corp. - February 20, 2025) - TMX VettaFi, an indexing, digital distribution, analytics and thought leadership company and TMX Group subsidiary, announced today the acquisition of Credit Suisse's Bond Indices from UBS, strengthening its fixed income index capabilities.

"We are excited to announce another significant step forward in our index expansion strategy, designed to strengthen our fixed income indexing capabilities, and broaden the services we provide to a growing international network of clients and partners," said Tom Hendrickson, President, TMX VettaFi. "We see tremendous opportunity for indexing across the fixed income asset class - especially with the growth of bond ETFs - and we look forward to partnering with even more asset managers to unlock new bond ETF innovation."

The bond index franchise includes key bond indices covering government, credit, and emerging markets bonds, as well as advanced tools and analytics that support the custom development of innovative fixed income exposures.

This marks the fourth significant acquisition by TMX VettaFi in the last 18 months, following the acquisitions of iNDEX Research in October 2024, an end-to-end index provider with US$10B in linked assets across equity and fixed income exposures; the ROBO Global Index Suite in April 2023; and EQM Indexes in September 2023.

"Today fixed income represents approximately 20% of the ETF market, yet the total global bond market is $140 trillion, compared to the $115 trillion global equity market," said Brian Coco, Head of Index Product, TMX VettaFi. "With even stronger fixed income indexing capabilities, VettaFi can truly provide outcome-oriented solutions to our clients across asset classes, as well as more precision exposures within fixed income."

With the addition of the Credit Suisse bond indices, TMX VettaFi boasts an indexing platform spanning more than 700 indexes with $53 billion in assets passively tracking those indexes and $41 billion in benchmarked assets. Its team of industry veterans use the latest cloud-based technology for all index research, design, calculation, dissemination and management for over 250 customers.

For more information on TMX VettaFi, please visit www.vettafi.com.

About TMX Group (TSX: X)

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport and TMX VettaFi, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna. For more information about TMX Group, visit www.tmx.com. Follow TMX Group on X: @TMXGroup.

For more information please contact:

Catherine Kee
Head of Media Relations
TMX Group
416-671-1704
catherine.kee@tmx.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241490

FAQ

What is the value of assets tracking TMX VettaFi indexes after the Credit Suisse bond indices acquisition?

After the acquisition, TMX VettaFi's platform has $53 billion in assets passively tracking their indexes and an additional $41 billion in benchmarked assets.

How many acquisitions has TMXXF completed in the past 18 months?

TMX VettaFi has completed four significant acquisitions in the past 18 months, including Credit Suisse's Bond Indices, iNDEX Research, ROBO Global Index Suite, and EQM Indexes.

What is the size of the global bond market opportunity for TMXXF?

The global bond market represents a $140 trillion opportunity, compared to the $115 trillion global equity market, with fixed income currently representing approximately 20% of the ETF market.

How many indexes does TMXXF now manage after the Credit Suisse acquisition?

Following the Credit Suisse bond indices acquisition, TMX VettaFi's platform spans more than 700 indexes.

When did TMXXF acquire iNDEX Research and what was its asset value?

TMX VettaFi acquired iNDEX Research in October 2024, which had US$10B in linked assets across equity and fixed income exposures.