Singapore, Jan. 24 -- Singapore Exchange (SGX) has acquired a research-based index firm that will provide more diverse products for investors.
The deal - SGX's biggest investment - involves the bourse buying a 93 per cent stake in Scientific Beta for E186 million (S$279 million).
Scientific Beta was set up by the EDHEC-Business School, an academic institution that does research for the investment industry.
The firm, which has set-ups in Boston, London, Nice, Singapore and Tokyo, aims to help investors understand and use advanced beta equity strategies.
The acquisition will allow SGX to bring new capabilities to its index business and cater to the increasing market interest for different ways to represent investment strategies and ri...