Dow Jones, Brookfield Indexes Gauge Infrastructure Assets

Dow Jones Indexes and Brookfield Asset Management Inc. launched an index to benchmark toll roads, pipelines, and ports.

The Dow Jones Brookfield Infrastructure Indexes is a global index series designed to serve as benchmarks of companies that are owners and operators of key infrastructure assets.

According to a release, the Dow Jones Brookfield Infrastructure Indexes include benchmark indexes to gauge active infrastructure portfolios as well as blue-chip indexes that can underlie financial products. The new index series includes the Dow Jones Brookfield Global Infrastructure Index; Dow Jones Brookfield Global Composite Index, which includes master limited partnerships (MLPs); regional sub-indexes for the Americas, Europe, Asia/Pacific, and Global ex U.S.; eight global sector sub-indexes; and the Dow Jones Brookfield Infrastructure MLP Index, which tracks MLPs only.

The indexes also can be customized to meet the needs of market participants interested in specific areas, such as electricity transmission or toll road companies, the release said.

To be eligible for inclusion in the Dow Jones Brookfield Infrastructure Indexes, a company must have a minimum float-adjusted market capitalization of $500 million as well as a minimum three-month average daily trading volume of $1 million. Securities also must be domiciled in a country with a liquid market listing.

More than 70% of cash flows must be derived from the development, ownership, lease, concession, or management of infrastructure assets in the following sectors: airports, toll roads, ports, communications, electricity transmission and distribution, oil and gas storage/ transportation, and water. Diversified companies that derive at least 70% of their cash flow from infrastructure assets as well as investment funds with a primary focus toward infrastructure investments are also eligible for the indexes.

As of July 11, the five-year performance of the Dow Jones Brookfield Global Infrastructure Index is 15.05%.

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