ING is launching a range of proprietary global emerging markets indices, giving its clients a brand new route to understand exposure to emerging markets currencies in a simpler and transparent way.
Bloomberg will be responsible for providing the independent calculation and administration of these indices. In addition to leveraging Bloomberg’s expertise in strategy index development, calculation and administration, ING selected Bloomberg’s BFIX data source to use in the index, as it is an independent benchmark for currency rates that is regularly updated and widely used by the FX market.
Bloomberg ING Global Emerging Markets FX
The new Bloomberg ING Global Emerging Markets FX Indices enable 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(1) against the US dollar. There will also be both a long-only and long-short versions available to trade. The long-short version enhances returns by applying a volatility based risk filter.
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Guy Thomas, Head of FX Rates and Credit Trading, ING said, “We are pleased to offer the Bloomberg ING Global Emerging Markets FX Indices to our clients as it allows them to take exposure to the emerging markets currency asset class in a cost effective, efficient and transparent way.”
1. Index Constituent Currencies
BRL – Brazilian Real
HUF – Hungarian Forint
INR – Indian Rupee
IDR – Indonesian Rupiah
KRW – Korean Won
PHP – Philippine Peso
PLN – Polish Zloty
RUB – Russian Ruble
ZAR – South African Rand
THB – Thai Baht
TRY – Turkish Lira
MXN – Mexican Peso
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