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Morningstar to Acquire CRSP in $375 Million Deal, Expanding Index Capabilities
Morningstar to Acquire CRSP in $375 Million Deal, Expanding Index Capabilities
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BTCCSquare news:
Morningstar, Inc. has agreed to acquire the Center for Research in Security Prices (CRSP) from the University of Chicago for $375 million. The deal positions Morningstar as one of the largest U.S. equity index providers, with CRSP's benchmarks tracking over $3 trillion in assets.
Vanguard's popular funds, including the Total Stock Market Index Fund (VTSAX, VTI) and Mid-Cap Index Fund (VIMAX, VO), rely on CRSP indexes. "This acquisition reinforces our commitment to data-driven tools that empower investors," said Morningstar CEO Kunal Kapoor.
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