Independent research provider CFRA has acquired First Bridge Data (First Bridge), a source for global ETF data and analytics.
With the addition of First Bridge, CFRA further strengthens its ETF research offerings to include the industry’s most comprehensive database of ETF constituent holdings data, reference and classification data, investment analytics, and daily pricing, flows and statistics. CFRA clients will also have the opportunity to leverage First Bridge’s powerful data visualisation tools, which allow for the creation of interactive reports by region, by category, and more.
“Adding First Bridge’s industry leading ETF data and analytics creates new value for our clients across both the institutional investor and wealth management segments of the market,” says Peter de Boer, CEO of CFRA. “Not only will our ETF ratings and research now be powered by the most complete source of data on the market, but we will also be able to innovate more quickly for our clients in this rapidly growing ETF industry.”
First Bridge was founded in 2011 by Aniket Ullal, a respected equity index product management expert who was previously with S&P Dow Jones Indices and is the author of “ETF Investment Strategies” (McGraw-Hill, 2013). Led by Ullal, who will be joining CFRA as part of this transaction, First Bridge provides clients with unmatched data and analytical tools, allowing them to better understand the characteristics and holdings of individual ETFs and support their investment research process.
“CFRA’s entire approach to ETF ratings and research is distinguished by its focus on holdings-level analysis, so adding First Bridge, with its daily constituent holdings data, to our proprietary suite of offerings will only make our efforts that much stronger,” says Todd Rosenbluth, Head of ETF & Mutual Fund Research for CFRA. “I could not be more excited to incorporate First Bridge’s database into our analysis and to start sharing findings and analysis with our clients.”
As First Bridge’s offerings are incorporated across the CFRA platform, the combined solution will give financial professionals a centralised source for high-quality independent ETF research, data and analytics.
“My colleagues and I are excited to be joining CFRA, and to be bringing our screening and data visualisation solutions to a wider, global audience,” adds Ullal. “Combining our expertise and solutions with CFRA’ s extensive research capabilities creates an offering that I think institutional investors and wealth managers will find to be unsurpassed in the marketplace.”