Bloomberg and MSCI Launch Suite of Emerging Markets Fixed Income ESG Indices
Business and financial markets information service provider Bloomberg, and investment decisions support tools and services company MSCI Inc announced today the launch of the Bloomberg Barclays MSCI Emerging Markets ESG Index Suite. Available through the Bloomberg Terminal, the 10 new indices incorporate ESG and SRI considerations in hard and local currency emerging market fixed income indices.
According to the companies, the new indices aim to meet growing investor demand for ESG solutions.
Chris Hackel, Index Product Manager at Bloomberg, said
“Investor demand for ESG considerations continues to grow, and we are consistently working to expand Bloomberg’s offerings to meet these requirements as ESG factors are increasingly incorporated into investors’ workflows. We’re excited to continue working with MSCI to evolve our joint ESG index solutions and expand to emerging market bonds.”
The new index family, available in global, pan-euro and USD versions, includes the Bloomberg Barclays MSCI EM ESG Weighted Indices, which utilize MSCI ESG Ratings to tilt issuer market weights; the Bloomberg Barclays MSCI EM SRI Indices, employing screens for issuers deriving substantial revenue from areas including alcohol, gambling, tobacco, nuclear power, controversial weapons and GMOs, and; the Bloomberg Barclays MSCI EM Sustainability Indices that use EM debt benchmarks including debt issued from sovereign, quasi-sovereign, and corporate EM issuers with BB and above ESG ratings.
Eric Moen, Head of ESG Product at MSCI, added:
“We have seen accelerating demand from investors to expand ESG Indexes and data solutions across asset classes and markets. This newly launched Emerging Markets fixed income index family extends the breadth of coverage of ESG fixed income indexes and provides institutional investors with additional options for indexed funds and for benchmarking performance. We are pleased to work with our partners at Bloomberg to continue to strengthen our joint ESG index suite.”