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Singapore Exchange (SGX)
23-01-2020, 06:56 PM.
Post: #811
RE: Singapore Exchange (SGX)
SGX scales up its index business with EUR186 million acquisition of smart beta index firm, Scientific Beta
* Strategic investment will strengthen SGX’s research-based index design capabilities as well as broaden the range of index products and clientele
* US$55 billion in assets owned by global institutions track Scientific Beta’s indices; this has risen more than 10 times in four years, on the back of significant growth in factor investing

Singapore Exchange (SGX) is scaling up and accelerating the growth of its Data, Connectivity and Indices (DCI) business with the acquisition of a 93% stake in Scientific Beta Pte. Ltd. (Scientific Beta) for EUR186 million in cash (S$280 million), subject to closing adjustments.

Established by EDHEC-Risk Institute (ERI Asia), an affiliate of EDHEC Business School, Scientific Beta is an independent index provider specialising in smart beta strategies, with expertise in factor-based and risk-managed solutions. Headquartered in Singapore with offices in France, UK and US, the company provides investable smart beta indices to its clients, drawing on the expertise of ERI Asia in portfolio construction and risk allocation.

Over 60 asset owners and asset managers use Scientific Beta’s indices to track or benchmark their smart beta investments. As at 30 September 2019, there were US$54.7 billion in assets replicating Scientific Beta’s indices, growing more than 10 times in just under four years. 30% of these assets under replication were integrating ESG dimensions.

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