Scientific Beta

Asset News: "Singapore Exchange (SGX) announced the acquisition of a 93% stake in Scientific Beta Pte. Ltd. (Scientific Beta) for €186m in cash, subject to closing adjustments. Scientific Beta is an index provider providing smart beta indices. It was established by EDHEC-Risk Institute (ERI Asia), an affiliate of EDHEC Business School, on which it relies on for portfolio construction and risk allocation."

Asset News 27/01/2020

"(...) Singapore Exchange (SGX) announced the acquisition of a 93% stake in Scientific Beta Pte. Ltd. (Scientific Beta) for €186m in cash, subject to closing adjustments. Scientific Beta is an index provider providing smart beta indices. It was established by EDHEC-Risk Institute (ERI Asia), an affiliate of EDHEC Business School, on which it relies on for portfolio construction and risk allocation. The Singapore-headquartered company has also offices in France, the UK and US. SGX's purchase will enable it to grow its Data, Connectivity and Indices (DCI) business. Over 60 asset owners and asset managers use Scientific Beta’s indices to track or benchmark their smart beta investments, according to the statement. As at 30 September 2019, there were $54.7bn in assets replicating Scientific Beta’s indices, the figure having grown more than 10 times in less than four years. Some 30% of these assets under replication were integrating ESG dimensions. (...)"