Mergent provides the the Dividend Achievers Indexes following companies with strong long-term dividend growth.
Mergent has been tracking companies with outstanding dividend records since 1979, according to a press release. Products based on the Dividend Achievers Indexes are offered by major investment management firms worldwide. Indxis is also an expert provider of index calculation services to a wide spectrum of clients in the financial services industry.
With this acquisition, NASDAQ OMX Global Indexes will become one of the largest providers of dividend-themed indexes based on benchmarked assets and will further enhance its custom index offering capabilities and services, the release said. Assets under management of ETFs licensed by NASDAQ OMX Global Indexes are expected to increase 30% percent as a result of the acquisition.
“As the investment landscape continues to evolve, we see the increased need for indexes to provide rules-based and transparent benchmarks for dividend- and income-themed investments,” said NASDAQ OMX Executive Vice President John Jacobs in a statement.