Scientific Beta

Taipei Times: "Singapore Exchange Ltd (SGX) is to acquire a majority stake in Scientific Beta Pte, an index provider for products enabling investors to track market themes, an increasingly significant global fund management trend. The target company, incorporated in Singapore, with offices in France, the UK and the US, specializes in factor-based strategies, a market that is set to reach US$2.7 trillion this year, the exchange said."

Taipei Times 25/01/2020

"(...) Singapore Exchange Ltd (SGX) is to acquire a majority stake in Scientific Beta Pte, an index provider for products enabling investors to track market themes, an increasingly significant global fund management trend. The target company, incorporated in Singapore, with offices in France, the UK and the US, specializes in factor-based strategies, a market that is set to reach US$2.7 trillion this year, the exchange said. SGX is to buy 93 percent of Scientific Beta for 186 million euros (US$206 million) in cash. Assets replicating Scientific Beta’s smart-beta indices have risen more than 10-fold in four years and now total US$55 billion, SGX said. (...)"