ISS STOXX announced Wednesday an agreement to acquire benchmark and custom index solutions firm Scientific Beta from the SGX Group. ISS STOXX also owns CIO.
The Nice, France-based firm is a provider of smart beta, enhanced cap-weight and climate indexes for institutional investors. The firm was established in 2012 by the EDHEC-Risk Institute—now the EDHEC-Risk Climate Impact Institute—and was acquired by SGX in 2020.
The acquisition will further expand ISS STOXX’s asset-owner segment and will combine Scientific Beta’s academically grounded research and signal design capabilities with ISS STOXX’s indexing expertise, according to a statement from the company.
“This acquisition will accelerate our strategy to deliver scalable, research-driven and cost-effective index solutions to institutional investors globally,” said ISS STOXX President and CEO Gary Retelny in a statement. “It strengthens our ability to meet the growing demand for systematic, rules-based strategies that are undergirded by world-class research, for institutional investors across the globe.”
“The addition of Scientific Beta and its highly talented team underscore our commitment to delivering differentiated indexing solutions, grounded in industry leading research, that enhance our clients’ investment processes,” said Axel Lomholt, a general manager at ISS STOXX, in a statement. “Asset owners are increasingly seeking strategies that combine academic rigor with real-world implementation at scale. Bringing Scientific Beta into STOXX strengthens our ability to meet this demand, offering clients seamless access to advanced factor research, robust portfolio construction, and scalable index implementation within a single, integrated platform.”
Earlier this year, ISS STOXX announced a partnership with financial services provider SEI Investments Co. and quant academic Andrew Ang to launch the iSTOXX Ang Research Enhanced Index Suite. The indexes are designed to deliver enhanced exposure to the value, quality and momentum factors, while strictly tracking the risk characteristics of parent benchmarks.
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Tags: ISS STOXX