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VettaFi completes acquisition of RAFI Indices in smart beta push
The deal lifts VettaFi’s index assets to more than $260 billion and expands its lineup of RAFI-based ETFs, including Schwab’s FNDX and Invesco’s PRF.
VettaFi has officially completed its acquisition of RAFI Indices, LLC from Research Affiliates Global Holdings, LLC, a transaction first announced in June 2026, ETF Trends reported. The firm said the deal combines RAFI’s fundamental, academically grounded index methodology with VettaFi’s index technology and distribution reach.
Under the agreement, RAFI’s index construction approach will be integrated into VettaFi’s platform, with RAFI relying on fundamental metrics such as cash flow, sales, dividends, and book value rather than market price. The company said the smart beta framework is designed to reduce performance drag associated with overvalued equities.
VettaFi said the expanded index platform brings its total index assets to over $260 billion. It also noted RAFI Indices currently serves as the engine behind smart beta products, citing the $27 billion Schwab Fundamental U.S. Large Company Index ETF, FNDX, and the $10 billion Invesco RAFI 1000 ETF, PRF.
The companies said RAFI strategies span more than 90 specialized approaches, including fundamental value, cap-weighted core, and fundamental growth. VettaFi added that it plans to continue research continuity for existing RAFI strategies while accelerating next-generation benchmarks across asset classes, ETF Trends reported.