Bloomberg have announced that Canaccord Wealth, one of the UK’s top wealth managers, will transition to Bloomberg equity benchmarks across its Model Portfolio Solutions and broader equity strategies. Canaccord will add the Bloomberg Equity Developed Markets and Bloomberg Equity Emerging Markets index families to their long-standing use of Bloomberg Fixed Income indices.
“Having used Bloomberg’s fixed income benchmarks for many years, we’ve seen the quality, transparency and support delivered through the firm’s offerings first-hand,” said Richard Champion, Co-Chief Investment Officer at Canaccord Wealth. “Adopting Bloomberg’s equity indices allows our teams to operate on one consistent methodology, backed by the same data, tools and service, so we can stay focused on delivering for our clients.”
Canaccord’s decision to extend its usage of Bloomberg Indices to its equities families reflects a wider trend across wealth platforms in the UK to adopt integrated, cross-asset indices for Model Portfolio Solutions. Canaccord chose Bloomberg’s Developed and Emerging Markets families for their rules-based cross-asset methodology, seamless workflow integration, and the breadth of trusted data.
“We’re pleased to expand our partnership with Canaccord Wealth and support their tailored portfolio solutions. Their adoption of our equity benchmarks adds to a growing list of wealth managers that have found additional value in Bloomberg’s approach to benchmark construction and cross asset integration.” said Allison Stone, Head of Multi-Asset Index Product Management at Bloomberg Index Services Limited (BISL).
