Since June 2000, when FTSE and ING Barings launched Global-Pro and the FTSE All-World indices incorporated the Barings Emerging Markets Indices (BEMI), the FTSE All-World index series has become one of the most widely used global benchmarks. The migration of BEMI and Global-Pro to FTSE ensures future development of these products continues to meet client needs.
Paul Grimes, FTSE's Chief Financial Officer commented, "This move will strengthen both the FTSE All-Emerging indices and also the FTSE All-World product range. This ensures FTSE can continue to provide our clients with a global index to meet their requirements for a transparent, consistent and comprehensive global standard."
Andrew Brown, ING Baring's Head of International Index Services added, "This is the next evolutionary step for the BEMI index products. By migrating the BEMI and Global-Pro services to FTSE the future growth and development of both products are ensured. This also provides existing BEMI clients with greater flexibility and depth in their benchmark selection. Clients will be able to integrate the Global-Pro products into a single benchmarking strategy and can only benefit from the increased focus that the worlds leading index provider can offer."
