So you’re researching an index and need some data on its constituent companies?  Bloomberg’s Equity Screening tool makes light work of this, not just for the FTSE, but for indices, exchanges and sectors worldwide.

Type EQS into Bloomberg and either hit enter or select ‘Equity Screening’ from the Functions menu.  The EQS tool displays the options you can employ to screen companies within Bloomberg.

EQS1

From here, to find your index, select the ‘Indices’ option from the Screening Criteria and either browse your way to or search for the index you require within it.  As you do this, you will see your choices reflected in the ‘Selected Screening Criteria’ panel at the bottom right of the screen.

EQS2

To view the company list, click ‘Results’ at the bottom right of your screen. Companies that fit your criteria are displayed ranked by Market Cap with a pre-defined set of financial data in columns to the right.

EQS3

To rank by any other variable, click on the appropriate column header.

To add a new column to display additional data, use the ‘Add Column’ search box to type in the variable you require. Select what you require and click Enter to refresh the display.

To transfer data to Excel, click ‘Output’ on the red menu bar and select ‘Excel’ > ‘All securities’. Make sure you have installed the Bloomberg Office Add In before you do this.  See our previous post on this for details.

USEFUL TO KNOW:

Using EQS, in addition to the criteria listed on the menu, you can also filter companies by financial variables.  In the EQS search screen, type the variable required into the ‘Add Criteria’ box and select your parameters for filtering.

You can also use EQS to pull historical constituent lists for indices etc. At the top right of the search screen you will see the words ‘As Of’ and an orange box with today’s date. Bloomberg can screen companies back to December 1992. Enter your date here and click enter to view results.

Any questions on this or any other aspect of Bloomberg, please do not hesitate to contact MIRC.

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