MV Index Completes Acquisition of BlueStar Indexes

MV Index Completes Acquisition of BlueStar Indexes

By Capital Markets CIO Outlook | Monday, August 10, 2020

The acquisition of BlueStar will bring together operations, and staff spread across Frankfurt, New York, Tel Aviv, and San Francisco. The companies combined consist of a highly experienced management team with an average of 20 years of experience in the index industry

FREMONT, CA: Germany-based developer of focused, investable, and diversified benchmark indices, MV Index Solutions, acquired BlueStar Indexes, a New York-based research-driven provider of index and financial data serving innovative ETF issuers, index fund sponsors and asset managers around the world. The financial details of the deal were not disclosed. “Combining MVIS’ experienced operations team with BlueStar’s seasoned research and sales team will help to increase our range of indices and strengthen our global business development,” said Thomas Kettner, Managing Director at MV Index Solutions.

This new deal represents two leading index providers joining forces to deliver cutting-edge indices and data for the global ETF, index fund, and structured products industry. The acquisition of BlueStar will bring together operations, and staff spread across Frankfurt, New York, Tel Aviv, and San Francisco. The companies combined consist of a highly experienced management team with an average of 20 years of experience in the index industry. Post the deal, MV Index will have over USD 18 billion in licensed product assets tracking under its combined index family, with clients in North America, Europe, the Middle East, Asia, and Australia. The company will continue to use both the brand names. Some of the well-known benchmarks include the the BlueStar Israel Global Technology Index, MVIS Junior Gold Miners Index, the MVIS US-Listed Semiconductor 25 Index, the BlueStar 5G Communications Index, and the MVIS CryptoCompare Institutional Bitcoin Index.

“We are thrilled to join forces with the widely-respected MV Index Solutions team to build a cutting-edge index business, partnering with clients to drive innovation in the financial services industry,” said Steven Schoenfeld, Founder and Chief Investment Officer of BlueStar Indexes. “Our enthusiasm is enhanced by the opportunity to strengthen the value proposition for our clients around the world.” The strong potential synergies and expanded global customer service capabilities will allow MV Index to expand its world-class customized index development services. The acquisition will also enhance global business development and the company’s marketing footprint.

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