London Stock Exchange Group (LSEG) has completed the purchase of XTF, a US-based provider of ETF data, analytics and ratings, through its Information Services division.
As part of the deal, the XTF business will be merged into LSEG’s information services division, which comprises the FTSE Russell indices and several real-time reference data products, including SEDOL, UnaVista and RNS.
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Established in 2008, XTF offers a database of exchange traded fund (ETF) information covering the US, Canada and Japanese markets, including data on fund objectives, holdings, underlying index, portfolio exposure and peer group analysis.
LSE said the ETF market is estimated to account for 20% of global assets under management by 2020.
The ETF provider’s proprietary data and research tools include over 6,000 indexes across asset class, sector and industry in over 30 countries.
LSE Group director of information services and CEO of FTSE Russell Mark Makepeace said: "The acquisition of XTF adds a further element to LSEG’s leading offering in the ETF space.
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By GlobalData"The rapid rise of the global ETF market is prompting demand from institutional and retail investors and their intermediaries for access to high quality global analytic tools and XTF offers a complementary product suite to sit alongside the Group’s global benchmarks and ETF listing venues."
XTF president & CEO Mel Herman said: "Our offering complements the FTSE Russell global benchmarks business, as well as LSEG’s listing venues. We look forward to expanding XTF’s global data offering."
