Product & Service Launches

TMX Group Completes Acquisition of RAFI Indices

The TMX Group Ltd. announced the completion of its acquisition of RAFI Indices LLC, an index company, from Research Affiliates Global Holdings LLC, a global index provider and investment adviser.

The transaction, announced in June, will expand the equity portfolio coverage of index provider VettaFi, a TMX Group subsidiary, according to the announcement.

“RAFI Indices brings a legacy of deep research and pioneering methodologies that align with TMX VettaFi’s commitment to providing innovative and data-driven investment solutions,” said Peter Conroy, TMX’s CEO of global insights, in the announcement. “By combining RAFI Indices’ world-class intellectual property with our modern ‘Index Factory’ technology and distribution platform, we are expanding the toolkit available to our partners to include some of the most respected fundamental strategies in the industry.”

RAFI Fundamental Indices launched in 2005, following foundational research published by Research Affiliates in 2004.

Alight Brings Spring Health Into Partner Network

Alight Inc. announced a partnership to bring Spring Health, a global mental health company built on an artificial-intelligence-native platform, into its Alight Partner Network, an ecosystem of employee benefit products.

Through Spring Health, employees can access self-guided tools, coaching, therapy, medication management and crisis care. Employers leveraging Spring Health saw a 52% reduction in total mental health claim costs, according to the announcement.