Nasdaq Buys Mergent’s Dividend Index Business
Posted on October 31, 2012 at 10:58 AM EDT
Nasdaq (NasdaqGS: NDAQ) on Wednesday said it will acquire the index business of Mergent, which oversees a family of dividend benchmarks, for an undisclosed sum. The acquisition is notable for the ETF business because funds pegged to dividend-themed indices have been extremely popular with investors...