Alan Campbell

Bloomberg has announced the expansion of its global equity index range, including emerging market country benchmarks, sector, and thematic index capabilities. 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 U.S. benchmarks in September 2019, Bloomberg has increased its equity index coverage across markets (developed and emerging) and sectors. The new Bloomberg emerging market benchmark family is weighted by free-float market cap, includes 26 countries, and represents over $14T in market value. Collectively, the global equity product captures over 99% of the market capitalization in 49 countries. The hundreds of indices can be used as traditional benchmarks and can also be customized using Bloomberg’s extensive research and data library.

The first Bloomberg thematic benchmark to be launched is the Bloomberg Electric Vehicles Index (ticker: BBEVT), 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 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.”

Through Bloomberg’s growing equity capabilities and acquisition of the Bloomberg Commodity Index (BCOM) in 2020, Bloomberg is also able to offer a full spectrum of 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. All Bloomberg Terminal users have full access to Bloomberg’s index families at IN <GO> and PORT <GO>.

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Emily Gordon

The McGrath Foundation has been named as the official charity partner for the upcoming Bloomberg Square Mile Relay in Sydney.

The event, to be held in Darling Harbour on Wednesday, March 16 of this year, joins the established global race series made up of London, Singapore, Hong Kong, Shanghai and Dubai events.

Pitching the city’s finest corporate organisations against one another, the Bloomberg Square Mile Relay will see firms competing for pole position as they weave their way through the one-mile (1.6km) Darling Harbour closed running route. As the official charity partner for the event, the McGrath Foundation will receive a $10,000AUD donation to help fund and develop their work across the country.

The McGrath Foundation, established in honour of Jane McGrath, is now one of Australia’s most respected and recognised charities. Focused on raising funds to place McGrath Breast Care Nurses in communities across Australia, the Foundation is also working to increase breast cancer awareness among young people. Today, over 40,000 Australian families have been supported by 110 McGrath Breast Care Nurses nationally.

Emily Gordon, Head of Bloomberg Australia & New Zealand, said: “We are absolutely delighted that the McGrath Foundation has agreed to be our charity partner. The spirit of the Bloomberg Square Mile Relay has always been anchored in giving back to the community blended with camaraderie, health and well-being, and fun. Bloomberg has been a long term supporter of breast cancer awareness and this partnership builds on the work we have done locally and globally.”

Tracy Bevan, McGrath Foundation Ambassador & Director, returned Gordon’s sentiments stating: “We are thrilled the Bloomberg Square Mile race has selected the McGrath Foundation as its official charity partner. It’s through community fundraising events like this, that we are able to continue to help place McGrath Breast Care Nurses in communities across Australia who provide invaluable support to families who need it most”.

With a focus on supporting local charities, the winning team will also walk away with $10,000AUD to donate to the charity of their choice.

Team registrations for the Bloomberg Square Mile Relay are now open here.

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In her new role, Kerry will be representing the Bloomberg Indexes business in Australia and New Zealand, and license index-linked funds/swaps, custom index services and index subscriptions to financial institutions and the index user community. Kerry spent over four years with UBS Australia Bond Indices and previously was in equities research. She will be joined by Phon Vilayoune, Bloomberg’s Index Manager, who has relocated from Princeton to Sydney.

“We are delighted to have Kerry Angel on board as we work towards a seamless transition for clients and continue to serve the fixed income community, leveraging our heritage in bond markets and her experience with the leading bond indices in Australia,” said Jeffrey Leckstein, Bloomberg’s Head of Sales for Australia.

In April 2014, Bloomberg Indexes, the independent, global index provider, announced the acquisition of Australia’s leading bond indices from UBS. The renamed “Bloomberg AusBond Indexes” is independently calculated, maintained and licensed by Bloomberg to support transparency in Australia’s fixed income market.

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