TMX VettaFi has acquired Credit Suisse's Bond Indices from UBS, significantly enhancing its capabilities in fixed income indexing.

Information on the Target

TMX VettaFi, a subsidiary of TMX Group specializing in indexing, digital distribution, analytics, and thought leadership, has announced the acquisition of the Bond Indices from Credit Suisse, following UBS's acquisition of Credit Suisse. This strategic move is part of TMX VettaFi's ongoing efforts to enhance its fixed income indexing capabilities and expand its service offerings to a wider international client base.

With this acquisition, TMX VettaFi is set to integrate a robust franchise of key bond indices, which encompass government, credit, and emerging market bonds. Additionally, it will gain advanced tools and analytics that will support the innovative development of customized fixed income exposures, thereby strengthening its position within the fixed income asset class.

Industry Overview in Canada

The Canadian fixed income market plays a critical role within the broader financial landscape, representing about 20% of the exchange-traded fund (ETF) market. Despite this percentage, the total value of the global bond