TMX VettaFi Acquires RAFI Indices to Expand Smart Beta Reach

TMX VettaFi has agreed to acquire Research Affiliates’ RAFI index business, adding roughly 120 indices and boosting assets linked to its benchmarks to more than $260 billion. The deal strengthens VettaFi’s position in core equity and smart beta investing, complementing recent expansions into thematic and fixed-income indexing. RAFI’s flagship fundamental indices weight companies by economic measures such as sales, cash flow, dividends, and book value rather than market capitalization. The acquisition gives VettaFi access to a widely used index family tracked by major ETF providers including Charles Schwab and Invesco.