Bloomberg Expands Thematic Equity Indices in Asia

Bloomberg announced the expansion of its thematic equity indices range in Asia with the launch of its Bloomberg Metaverse Select Index and its recent adoption by BetaShares, a leading Australian fund manager providing a range of exchange traded funds, for the BetaShares Metaverse ETF (ASX: MTAV).

It is Australia’s first equity ETF underpinned by a Bloomberg Index that provides dedicated exposure to a portfolio of leading global companies that are building, developing and operating in the Metaverse.

The equity ETF was also the first in Asia to use a Bloomberg Index driven by a proprietary thematic basket and scores developed by Bloomberg Intelligence (BI) analysts. Designed to capture the future revenue potential and competitive position of companies that enable and drive the Metaverse, the scores are incorporated into a rules-based index that gives higher weighting to pure players. The index currently offers exposure to a portfolio of 32 leading companies that generate a meaningful amount of their revenues from activities related to the Metaverse, including Roblox, Unity Software, NVIDIA and Meta Platforms.

“As the range of technologies underpinning the Metaverse evolves and user growth continues, this secular trend is expected to revolutionise the way we engage with sport, live music and other ways of staying connected,” BetaShares CEO, Mr Alex Vynokur said. “While still in early stages of evolution, the Metaverse has the potential to be one of the biggest secular growth trends of the coming decades. We are proud to provide investors with access to this investment opportunity. This innovative new fund forms part of our leading suite of thematic funds that offer investors exposure to the megatrends that are changing the world around us” Mr Vynokur continued.

“Building on our deep heritage in the Australian bond market, we are excited to partner with BetaShares to offer our innovative equity index solutions,” said Ji Zhuang, Bloomberg’s APAC Head of Indices. “Our sophisticated Metaverse thematic index builds on the global research expertise of Bloomberg Intelligence to help clients launch unique investment solutions. By unlocking the potential of Bloomberg’s in-house data-driven research and scores used in rules-based innovative thematic indices, we are well placed to capture fast-evolving market opportunities.”

Bloomberg Index Services Limited (BISL), a Financial Conduct Authority (“FCA”) authorized benchmark administrator and subsidiary of Bloomberg, is licensing equity indices for use as financial benchmarks. Bloomberg provides an independent, transparent approach to indexing for customers across the globe. For more information, please visit Bloomberg Indices.

About Bloomberg Index Services Limited

Bloomberg’s index team has a proven track record in creating industry-standard and bespoke indices across asset classes, including market-leading fixed income and commodity indices. Bloomberg Index Services Limited (BISL) takes an innovative approach to delivering strategic benchmarks that help market participants address their evolving needs. As an integral part of Bloomberg, BISL has access to an unparalleled breadth of trusted data and reliable technology for calculations, analytics and workflow automation, along with distribution capabilities that can help amplify the visibility of our customers’ products.

About Bloomberg

Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com/company or request a demo.

About BetaShares

BetaShares is a leading Australian fund manager specialising in exchange traded funds (ETFs) and other Funds traded on the Australian Securities Exchange (ASX).

Since launching our first ETF more than a decade ago, BetaShares has grown to become one of Australia’s largest managers of ETFs.

Trusted by hundreds of thousands of Australian investors, BetaShares offers cost-effective, simple and liquid access to the broadest range of ETF investment solutions available on the ASX, covering almost every asset class and investment strategy.

As of September 2022, BetaShares has more than $22 billion in assets under management in over 70 funds.