Will Become a Leading Provider of Smart Beta Indexes With Addition of Model-Based Strategies
Acquisition Expected to be Accretive at Closing
KUALA LUMPUR, Jan 6 (Bernama) -- Nasdaq (Nasdaq:NDAQ) today announced that it will acquire Dorsey, Wright & Associates, LLC (DWA), a market leader in data analytics, passive indexing and smart beta strategies. DWA will add to Nasdaq's robust index portfolio, bringing model-based strategies and analysis to support the financial advisor community, and further strengthening Nasdaq's position as a leading smart beta index provider in the U.S. The deal is expected to close in the first quarter of 2015.
DWA will increase Nasdaq's capacity for growth in the index business across asset classes and geographies, with substantial opportunities in index licensing. The combined group will bring together DWA's 17 ETFs and Nasdaq's 69 licensed smart-beta ETFs focused primarily on dividend and income strategies. As a result, Nasdaq Global Indexes will become one of the largest providers of smart beta indexes with nearly $45 billion in assets benchmarked to its family of Smart Beta indexes and more than $105 billion benchmarked to all Nasdaq Indexes.
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