#United States #Texas #Bloomberg #Employees Retirement System #Equity Indices

Texas Employees Retirement System Shifts to Bloomberg Equity Index

On October 27, 2025, the Employees Retirement System of Texas (ERS) publicly announced its decision to use Bloomberg's Equity Indices as its benchmark for public equity investments. Managing an impressive pension fund valued at approximately $44 billion, ERS is committed to ensuring optimal performance and compliance with state regulations.

Starting from September 1, 2025, ERS will transition to a capitalization-weighted global benchmark. This change aims to meet the rigorous requirements set by state mandates while providing comprehensive exposure to equity markets around the globe, effectively reflecting both local needs and global standards.

David Veal, Chief Investment Officer at ERS, stated, "We are pleased to collaborate with Bloomberg to guarantee this crucial benchmark meets our state’s regulatory requirements as well as the international expectations we hold as fiduciaries. Bloomberg's expertise in creating customized benchmarks designed with regulatory considerations in mind gives us the confidence that our investment strategy will remain transparent, effective, and relevant.”

Bloomberg's Head of Multi-Asset Index Product Management, Allison Stone, remarked on this partnership, indicating that ERS's choice of Bloomberg’s equity index emphasizes the company’s leadership in providing innovative solutions. Stone noted,