Bloomberg expands equity indices with emerging markets and thematic benchmarks
Bloomberg has expanded its global equity index range with the launch of new emerging market country and thematic benchmarks.
With this launch, Bloomberg fills a need for advanced index capabilities, based on its trusted data, global distribution, and fully-integrated investment workflow solutions.
Since the publication of domestic US benchmarks in September 2019, Bloomberg has increased its equity index coverage across developed and emerging markets. The new Bloomberg emerging market benchmark family is weighted by free-flat market cap, includes 26 countries, and represents over USD14 trillion in market value.
The first Bloomberg thematic benchmark to be launched is the Bloomberg Electric Vehicles Price Return Index (ticker: BBEV), which will be used in a KraneShares ETF (ticker: KARS). The index draws from proprietary research from Bloomberg Intelligence (BI) and BNEF analysts to capture companies that derive significant revenues from electric vehicles, energy storage technologies, autonomous navigation technology, lithium and copper mining, and hydrogen fuel cells.
"We are responding to investor demands for a comprehensive and cost-effective alternative index that is fully integrated with our data and distribution channels,” says Alan Campbell, Head of Product Management for Bloomberg Multi-Asset Index business. “The combination of Bloomberg’s trusted data with our expert analysis enables us to deliver unique thematic and factor indices to support any investment strategy,”
Through Bloomberg’s growing equity capabilities and acquisition of the Bloomberg Commodity Index (BCOM) in 2020, Bloomberg is able to offer full spectrum, multi-asset offerings for investors. Standard and alt-weighted asset-allocation benchmarks can now combine equity, fixed income, FX, commodities, and crypto. Bloomberg ESG indices will offer exposure to proprietary and third-party ESG scores.