Dow Jones offers infrastructure securities

Dow Jones Indexes and asset manager Brookfield Asset Management have launched the Dow Jones Brookfield Infrastructure Indexes, which are designed to provide exposure to companies that are the owners and operators of infrastructure assets such as toll roads, pipelines and ports.

The index series comprises the Global Infrastructure and Composite index as well as regional sub-indexes for the Americas, Europe, Asia-Pacific and global ex. US; eight global sector sub-indexes; and the Infrastructure MLP index. Companies eligible for inclusion in the indexes must have a minimum float-adjusted market capitalisation of US$500 million as well as a minimum three-month average daily trading volume of US$1 million. 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.

Also eligible are companies that derive at least 70% of their cashflow from infrastructure assets as well as investment funds with a primary focus toward infrastructure investments.