Employees Retirement System of Texas Adopts Bloomberg Equity Index
The Employees Retirement System of Texas (ERS), which manages a pension fund of around $44 billion in assets under management (AUM), has chosen Bloomberg’s Equity Indices offerings for its public equity strategic benchmark.
Effective September 1, 2025, ERS moved to a “capitalization-weighted global benchmark solution tailored to address state-mandated regulatory requirements while providing exposure to the performance of equity markets worldwide,” detailed ERS.
“We are pleased to collaborate with Bloomberg to ensure this important benchmark reflects both the regulatory requirements of our state and the global standards we expect as a fiduciary,” said ERS Chief Investment Officer David Veal. “Bloomberg’s expertise in building customized, regulatory-aware benchmarks provides us with the necessary confidence that our investment strategy remains transparent, effective, and relevant.”
“ERS’ adoption of our equity index underscores Bloomberg Indices’ leadership in serving institutional asset owners with innovative solutions that meet both broad exposure and bespoke investment mandate requirements and we’re proud to be their provider of choice for this policy” said Allison Stone, head of Multi-Asset Index Product Management at Bloomberg Index Services Limited (BISL).
Bloomberg Equity Indices cover more than 99% of the eligible free float market cap in more than 40 developed and emerging markets. Core benchmarks include the World (WORLD), Developed Markets (DM) and Emerging Markets (EM) Large and Mid Cap Indices, as well as the Bloomberg 500 (B500) Index.
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Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news. She is originally from Queens, New York, but now resides in Denver, Colorado.
