SGX invests 186m euros for 93% stake in index firm Scientific Beta

"(...) SINGAPORE Exchange (SGX) is coughing up 186 million euros (S$280 million) in cash for a 93 per cent stake in Scientific Beta Pte Ltd, a smart beta index firm. The strategic investment will s ...

"(...) SINGAPORE Exchange (SGX) is coughing up 186 million euros (S$280 million) in cash for a 93 per cent stake in Scientific Beta Pte Ltd, a smart beta index firm. The strategic investment will strengthen the Singapore bourse operator's research-based index design capabilities as well as broaden its range of index products and clientele. As of end Sept 2019, an estimated US$55 billion in assets owned by global institutions tracked Scientific Beta’s indices. This has risen more than 10 times in four years, on the back of significant growth in factor investing. Assets using factor-based strategies are forecast to reach US$2.7 trillion this year, reflecting a compound annual growth rate of 17 per cent between 2011 and 2020. SGX chief executive officer (CEO), Loh Boon Chye, said Scientific Beta brings a highly regarded research pedigree in the rapidly growing smart beta space, along with a strong suite of high profile clients in the US and Europe. (...)" 

Type: Press article
Date: le 23/01/2020
Research Cluster : Finance

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