VettaFi has added to its portfolio of index providers with the acquisition of thematic specialist EQM Indexes.
EQM Indexes has clients across North America, Europe and Australia using its benchmarks to capture exposures ranging from blockchain, the music industry, emerging market fintech, cannabis, rare earths and renewable energy.
The pair previously partnered on the $4m Global Online Retail UCITS ETF (IBUY) which closed in April following low demand.
Jane Edmonson, CEO of EQM Indexes, commented: “VettaFi’s passion for data, analytics, and marketing aligns with our approach to creating and supporting unique and innovative index products across a broad range of themes and asset classes.
“I look forward to collaborating with the VettaFi team to drive the next wave of asset management innovation.”
Brian Coco, head of index products at VettaFi, added: “Building custom indices is something which Jane and EQM Indexes have long excelled, and we are very excited to add EQM’s expertise to our index offerings.”
EQM becomes the second addition to VettaFi’s indexing portfolio this year after the firm acquired ROBO Global in April.
ROBO’s benchmarks underly products such as the $2.6bn L&G Cyber Security UCITS ETF (ISPY), Europe’s largest cybersecurity ETF.