Bloomberg expands equity indices to include emerging markets and thematic benchmarks

Karthik Subramanian

Bloomberg, one of the most used data and news terminals in the world, has announced the expansion of its global equity index range to include new indices and benchmarks from emerging markets.

Bloomberg started publishing the domestic US benchmarks in 2019 and since then it has been expanding its equity indexes to include developing and emerging markets and right now, the benchmark includes indices from 26 countries and covers around 99% of the market cap around the world.

“We are responding to investor demands for a comprehensive and cost-effective alternative that’s fully integrated with our data and distribution channels,” said Alan Campbell, Head of Product Management for Bloomberg’s Multi-Asset Index business. “The combination of our trusted data and expert analysis enables us to deliver unique thematic and factor indices to support any investment strategy.”

Bloomberg terminals are used across the world by major corporates and financial services companies as well as by large investors as it is one of the most trusted and reliable sources of data. The coverage provided by the terminal is also very comprehensive which makes it a terminal of choice for major investors and companies.

In recent times, the company has been focussing on building and launching indices that are directed towards being environment-friendly. As an example, the first thematic benchmark launched by it is the Bloomberg Electric Vehicles index which focuses on companies that derive a high percentage of their revenues from electric vehicles, lithium and copper mining, etc. It also has ESG indices that focus on companies that have a significant presence in the environment and social-friendly businesses.

The hundreds of indices and benchmarks that are available in the terminal can also be customized by the users as per their needs so that they can focus on the instruments that they need. The sheer number of instruments in the terminal is likely to confuse smaller and new traders and the users need to get used to the terminal and the different data and analytics offered by it.

By providing coverage to emerging markets, Bloomberg would hope that this would represent a more comprehensive coverage and thus would attract new users and investors from these markets as well.

 

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