Indexing (Benchmarks) industry is observing some rapid changes with ownership of few of the most eminent Index companies changing hands


After Bloomberg Indexes’ acquisition of USB Australia Bond indices this year in April 2014, now its time for Reuters’ to acquire widely used Benchmark- UBS Convertible Indices in July 2014. The UBS Convertible Indices will be re-branded as the Thomson Reuters Convertible Indices.

 

This is very much inline with the news of Global M&A being @ 7 year high with the re-surge in Corporate Deals. Passive products (like Indices) acquisitions is picking-up the trend in investor interest this year rather individual stocks.

Indexing industry is observing some rapid changes with ownership of few of the most eminent Index companies changing hands. Recently The London Stock Exchange Group last week agreed to buy Russell Investments for $2.7 billion in cash from Northwestern Mutual, the US insurer. Barclays PLC is also expected to solicite offers for its index assets worth ~ $400 Mn this year. Nasdaq and S&P Dow Jones Indices are apparently eyeing acquisitions to bolster their index businesses. MSCI & other companies surely wouldn’t want to be the laggards & are expected to explore index acquisitions.

  

UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. Its business strategy is centered on its pre-eminent global wealth management businesses and its leading universal bank in Switzerland. Together with a client-focused Investment Bank and a strong, well-diversified Global Asset Management business, UBS will expand its premier wealth management franchise and drive further growth across the Group.

 

Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. Thomson Reuters is a trusted, global provider of indices and index services, calculating over 10,000 different equity, fixed income and commodity indices. Thomson Reuters provides innovative indices and index-related services to the global financial community to help investors make better decisions.

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