Thomson Reuters has acquired the mutual fund database business of The Globe and Mail, the Toronto-based newspaper and mutual fund information service provider. Terms of the agreement were not disclosed.
The acquired assets include The Globe’s database of Canadian mutual funds which tracks over 13,600 open-end, closed-end and exchange traded funds; its fund fact sheet business; and its data feed business. Following the acquisition, The Globe’s mutual fund content will be integrated across Lipper and other Thomson Reuters products.
“The Globe and Mail has built a leading Canadian mutual fund database business, which Thomson Reuters sees as being central to its goal to grow and expand its existing Lipper business in this region,” stated John Fennelly, managing director and head of Wealth Management at Thomson Reuters.
“This acquisition will help us to provide additional customer value and reinforce our position as the leading provider of fund intelligence.”