The Singapore Exchange €186m acquisition of smart beta index firm Scientific Beta is aimed at strengthening the exchange’s research-based index design capabilities as well as broadening the range of index products and client base.

Singapore Exchange (SGX) is scaling up and accelerating the growth of its Data, Connectivity and Indices (DCI) business with the acquisition of a 93% stake in Scientific Beta for €186m in cash (S$280 million), subject to closing adjustments. Established by Edhec-Risk Institute (ERI Asia), an affiliate of Edhec Business School, Scientific Beta is an independent index provider specialising in smart beta strategies, with expertise in factor-based and risk-managed solutions. Headquartered in S

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