Amundi is to buy Lyxor’s ETF and actively managed alternative platform from Société Générale for a total cash consideration of EUR825 million, or EUR755 million excluding excess capital, in a move that will result in Amundi becoming the European leader in ETFs with EUR142 billion in assets and a 14 per cent market share in Europe.
The decision by traditional pharma company JAZZ Pharmaceuticals to purchase GW Pharmaceuticals, the company behind the first FDA approved drug derived from cannabis, is a notable turning point for the medical and wellness cannabis market, according to the Medical Cannabis and Wellness UCITS ETF (CBDX).
Investment Metrics, a provider of analytics, reporting, data, and benchmarking solutions for the institutional investment market, has acquired London and Boston-based Style Analytics, a cloud-based SaaS platform that provides Investment Factor and ESG Exposure analysis for the institutional investment community worldwide.
FactSet a provider of integrated financial information, and analytical applications, is to acquire Truvalue Labs, a specialist AI-driven environmental, social, and governance (ESG) data.
Recent events have caused fast-growing Pacer ETFs to see increased flows into its custom ETF series, particularly SRVR, that offers exposure to US companies that work in real estate in the infrastructure and data sectors, and INDS which focuses on industrial real estate.
Morningstar to expand investor access to ESG research, data and analytics with Sustainalytics acquisition
Investment research provider Morningstar is expanding its provision of ESG research, data and analytics with the acquisition of Sustainalytics.
Global asset manager and ETF provider Franklin Templeton is to acquire Legg Mason in a USD6.5bn deal that will create a combined global asset management business with USD1.5 trillion in AUM.
Alerian, an independent information services company providing indexes, data and research to global investors, has acquired S-Network Global Indexes, a publisher and developer of over 300 proprietary and custom indexes.
Foreside Financial Group (Foreside), a provider of regulatory and compliance service and technology offerings to clients in the global asset and wealth management industry, is to acquire US Bancorp’s mutual fund and exchange-traded funds (ETFs) distribution business, Quasar Distributors.
Lyxor completes integration of Commerzbank’s asset management activities with launch of new branch in Germany
Lyxor Asset Management has completed the integration of Commerzbank’s asset management activities and of its total EUR16 billion in assets under management, following the purchase of Commerzbank’s Equity Markets & Commodities business by its parent company Societe Generale Group in November 2018.