ING, Bloomberg Ally for Emerging FX Indexes
The indexes will help investors increase their exposure to emerging markets currencies, and track them against the US dollar.
Dubbed the Bloomberg ING Global Emerging Markets FX Indices, the indexes will enable clients to track the performance of a basket of 12 emerging market currencies against the US dollar, and will offer tradable long-only and long-short versions.
Bloomberg not only collaborated on the index strategy development, but also calculates and administers the indexes, and uses its BFIX currency rate benchmark as a data source for the indexes.
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