Broadridge, a data provider, has acquired London-based Spence Johnson, also a data provider, for an undisclosed sum.
Broadridge said that the deal would allow it to combine its global retail fund data expertise with Spence Johnson’s institutional data, market intelligence and insight.
The company said this would bring together retail and institutional data and analytics in a single industry source for the first time.
Broadridge’s Global Market Intelligence solution, which analyses over 82,000 mutual funds and ETFs around the world, will be expanded to include Spence Johnson’s Money in Motion product, which tracks over $7 trillion (€6.1 trillion) of institutional flows.
“Combining Broadridge’s and Spence Johnson’s powerful data and analytics solutions will position Broadridge to provide our clients with the ability to perform complete cross-channel analysis, enabling unique geographic, market and product views,” said Stephanie Clarke, senior vice-president of Broadridge’s global market intelligence business.
“The ability to measure and benchmark the market by geography, channel and product will be a significant advancement in asset management industry data, analytics and insight.”
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