MV Index Solutions GmbH, a Frankfurt, Germany-based company that develops, monitors and licenses a selection of focused, investable and diversified benchmark indices, acquired BlueStar Indexes, a New York-based research-driven provider of indices and financial data focused on serving the needs of innovative ETF issuers, index fund sponsors and asset managers around the world.
The amount of the deal was not disclosed.
With this deal, the two specialist index providers are joining forces to provide indices and data for the global ETF, index fund and structured products industry. The acquisition brings together operations and staff in Frankfurt, New York, Tel Aviv and San Francisco, a highly-experienced management team with an average of 20 years of index industry experience. The company will have more than $18 billion in licensed product assets tracking its combined index family, with clients in North America, Europe, the Middle East, Asia and Australia, and will continue to use both the MVIS® and BlueStar® brands. Some of the benchmarks maintained by the firm include the MVIS Junior Gold Miners Index, the BlueStar Israel Global Technology Index, the MVIS US-Listed Semiconductor 25 Index, the BlueStar 5G Communications Index, and the MVIS CryptoCompare Institutional Bitcoin Index.
The expanded MV Index Solutions capabilities in dynamic index categories include:
- A broad range of Thematic Indices
- Industry-leading family of Hard Asset Indices
- A Digital Asset Index Family
- Emerging Market equities and fixed income Israeli equities and bonds
- Global fixed income indices
Founded in 2011 as a wholly-owned affiliate of New York-based, Van Eck Associates Corporation and led by Thomas Kettner, Managing Director, MV Index Solutions develops, monitors and licenses the MVIS Indices, a selection of focused, investable and diversified benchmark indices. The indices are especially designed to underlie financial products. MVIS Indices cover several asset classes, including equity, fixed income markets and digital assets and are licensed to serve as underlying indices for financial products. More than 90 indices with approximately USD 17.02 billion in assets under management (as of 31 July 2020) tracking these benchmarks are currently invested in financial products based on MVIS Indices. MVIS is registered as a benchmark administrator under the European Benchmarks Regulation since July 2019 and its Index methodology and operational process adheres to IOSCO guidelines.
Led by Steven Schoenfeld, Founder and Chief Investment Officer, BlueStar Indexes is a research-driven provider of indices and financial data focused on serving the needs of innovative ETF issuers, index fund sponsors and asset managers around the world. Based in New York, with four full-time employees, and an Index Advisory Committee and Thematic Index Sub-Committee, the firm maintains more than 30 indexes, with approximately $1 billion in assets tracking its indexes. Since its founding in 2011, BlueStar has innovated with unique Israeli equity and fixed income and Thematic tech indices, and has become a key index provider to Israel‘s dynamic and highly-competitive index fund/ETF industry.
FinSMEs
04/08/2020