ING is launching proprietary global emerging markets indices. Bloomberg is responsible for providing the independent calculation and administration of these indices. ING selected Bloomberg’s BFIX data source to use in the index.

Bloomberg ING Global Emerging Markets FX Indices enables clients to focus on how emerging market currencies have performed against the US dollar. The indices track the performance of a basket of 12 equally-weighted emerging market currencies against the US dollar. There will also be both a long-only and long-short versions available to trade. ING says the long-short version enhances returns by applying a volatility based risk filter.

Index name & Bloomberg Ticket
Bloomberg ING Global EM FX Index (USD ER) INGFXUS1
Bloomberg ING Global EM FX Index (USD TR) INGFXUS2
Bloomberg ING Global EM FX Index Long/Short (USD ER) INGDFXU1
Bloomberg ING Global EM FX Index Long/Short (USD TR) INGDFXU2

Ji Zhuang, head of custom strategies business at Bloomberg says, “As regulations evolve and investors increasingly demand more benchmark transparency, we are helping firms across the globe turn their investment strategies into indices, and offering outsourcing of in-house index calculation and administration to our managed platform."

Photo: ING Flickr