TMX VettaFi has acquired Credit Suisse’s Bond Indices from UBS, further strengthening its fixed income index capabilities.

TMX VettaFi president Tom Hendrickson said, “We are excited to announce another significant step forward in our index expansion strategy,  designed to strengthen our fixed income indexing capabilities, and broaden the services we  provide to a growing international network of clients and partners.

“We see tremendous opportunity for indexing across the fixed income  asset class – especially with the growth of bond ETFs – and we look forward to partnering with  even more asset managers to unlock new bond ETF innovation.”

The acquired bond index franchise covers key areas such as government bonds, credit instruments, and emerging markets bonds. Additionally, it includes advanced tools and analytics to support the creation of custom fixed income solutions.

This marks TMX VettaFi’s fourth major acquisition in the past 18 months. The firm previously acquired iNDEX Research in October 2024, adding a provider with $10bn in linked assets across equity and fixed income strategies. Other recent acquisitions include the ROBO Global Index Suite in April 2023 and EQM Indexes in September 2023.

Brian Coco, head of index product at TMX VettaFi, said, “Today fixed income represents approximately 20% of the ETF market, yet the total global bond  market is $140 trillion, compared to the $115 trillion global equity market. With even stronger fixed income indexing capabilities,  VettaFi can truly provide outcome-oriented solutions to our clients across asset classes, as well  as more precision exposures within fixed income.”

Following the acquisition, TMX VettaFi now manages over 700 indexes, with $53bn in assets passively tracking these indices and $41bn in benchmarked assets. Its team leverages cloud-based technology to deliver research, index design, calculation, dissemination, and management services to over 250 clients worldwide.