TMX VettaFi Boosts Fixed Income Indexing with Strategic Acquisition of Credit Suisse Bond Indices

TMX VettaFi Boosts Fixed Income Indexing with Strategic Acquisition of Credit Suisse Bond Indices

TMX VettaFi has made headlines by acquiring Credit Suisse’s Bond Indices from UBS, a strategic move that enhances its fixed income index capabilities. This acquisition marks a significant milestone in the firm’s ongoing index expansion strategy, aimed at broadening the services available to a diverse and growing international clientele.

Strengthening Fixed Income Indexing Capabilities

TMX VettaFi’s President, Tom Hendrickson, expressed enthusiasm about this development, stating, “We see tremendous opportunity for indexing across the fixed income asset class, especially with the growth of bond ETFs. We look forward to collaborating with asset managers to foster new bond ETF innovations.”

Key Areas Covered by the Acquisition

The newly acquired bond index franchise encompasses essential areas including:

  • Government Bonds
  • Credit Instruments
  • Emerging Markets Bonds

This transaction also brings advanced tools and analytics to enhance the development of customized fixed income solutions.

Recent Acquisitions and Market Position

This acquisition is TMX VettaFi’s fourth major purchase in just 18 months. Prior acquisitions include:

  1. iNDEX Research (October 2024): A provider with $10 billion in linked assets across equity and fixed income strategies.
  2. ROBO Global Index Suite (April 2023)
  3. EQM Indexes (September 2023)

Market Potential in Fixed Income

Brian Coco, the head of index product at TMX VettaFi, highlighted the potential of the fixed income sector, noting that it currently constitutes approximately 20% of the ETF market. In contrast, the total global bond market stands at an impressive $140 trillion, surpassing the $115 trillion size of the global equity market. With enhanced indexing capabilities, TMX VettaFi aims to provide outcome-oriented solutions across various asset classes, including more precise exposures within fixed income.

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Current Index Management

Following the acquisition, TMX VettaFi now administers over 700 indexes, with $53 billion in assets passively tracking these indices and an additional $41 billion in benchmarked assets. The firm utilizes cloud-based technology to deliver a range of services, including:

  • Research
  • Index Design
  • Calculation
  • Dissemination
  • Management Services

These services support over 250 clients worldwide.

For further information on TMX VettaFi’s initiatives and their impact on the financial services industry, you can visit their official website.

Stay tuned for more updates on developments within the ETF and fixed income sectors.

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