Fund Managers Association of Philippines selects Bloomberg as Philippine Bond Index Provider

BPHILR Index leverages Bloomberg’s fixed income heritage to serve as benchmark indices for the domestic bond market

Manila, April 29, 2016 — Bloomberg announced today that the Fund Managers Association of Philippines (“FMAP”) has officially endorsed the Bloomberg Philippine Local Sovereign Index as benchmark indices for the domestic bond market.  Known as the BPHILR Index, the new PHP-denominated composite government bond Index will comprise government bonds with a minimum outstanding issuance of at least PHP 3 billion.  Additionally, Bloomberg will create a series of sub-indices, which include money markets and bonds across various maturity buckets.

“Bloomberg’s superior technology, data management and analytics, coupled with its deep experience in managing global indices made it the natural choice as a benchmark provider of the Philippine fixed income indices. We look forward to working closely with Bloomberg to further the development of the financial markets in the Philippines,” said Josefina Tuplano, FMAP President.

FMAP is an industry organization established in 1997 whose members include more than 40 domestic equity and fixed income fund managers.  Its primary mission is to nurture the growth and development of the capital and financial markets through education, adherence to global ethical standards and collaboration with various government agencies and organizations to share and advance best practices in the fund management industry.

The index business has continued to evolve along with global financial markets, rising in importance, especially in the investing world as a way for fund managers to ascertain their performance and adjust their investment strategies accordingly.  Bloomberg’s index business currently comprises the Bloomberg Commodity Index and the Bloomberg AusBond Indices amongst others.  Additionally, Bloomberg has previously announced an agreement with Barclays to acquire their risk analytics and index solutions business.

“We are honored that FMAP has selected Bloomberg and continues to take the lead in setting best practices for the industry,” said Andrea Mosconi, Head of ASEAN Sales, Bloomberg LP. “Leveraging our deep heritage in bond markets, Bloomberg is confident that the integrity, transparency and consistency of our index construction process and pricing methodologies would ensure fair representation of the market, and that the indices are offered in a manner consistent with global best practices.”

The Bloomberg indices are integrated with other offerings on the Bloomberg Professional service including real-time portfolio performance and risk analytics.

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About Fund Managers Association of Philippines

The Fund Managers Association of the Philippines (FMAP) is an organization composed of local equity and fixed income fund managers with the primary mission of helping uplift the investing public economically through the practice of professional fund management that adheres to ethical standards and recognized practices globally.

FMAP was established in April 1997 to foster the development of capital and financial markets, specifically the fund management industry. It also aims to (1) contribute in the formulation of policies and guidelines of regulatory agencies such as the Securities and Exchange Commission (SEC), Bangko Sentral ng Pilipinas (BSP) and Insurance Commission (IC) aimed at increasing efficiency and effectiveness of the fund management industry, (2) collaborate with government agencies and other organizations in the consideration or amendment of laws affecting the industry, and (3) educate by way of seminars and other forms of propagating information in the interest of members and the general public.

 Bloomberg Media Contact

APAC: Jenny Yeo, jyeo58@bloomberg.net, 65-6499-2926