Dow Jones Indexes and Brookfield Asset Management have launched an index that measures the highest-yielding stocks in the Dow Jones Brookfield Global Infrastructure Composite Index.
The Dow Jones Brookfield Global Infrastructure Indexes measure the performance of companies that exhibit strong infrastructure characteristics. The index family includes a composite index, regional indexes for the Americas, Europe, the Asia-Pacific and Global ex-US, and eight sector indexes for airports, communications, diversified, oil and gas storage, transportation, ports, toll roads, electricity transmission and distribution, and water. Also included is the Dow Jones Brookfield Infrastructure MLP Index, which tracks master limited partnerships.
Michael Petronella, president of Dow Jones Indexes, said: “We’ve seen continued interest in infrastructure assets as a growing investment niche, along with the need for accurate measurement tools. The new Dow Jones Brookfield Global Infrastructure Composite Yield Index takes a yield-oriented approach to measuring the performance of infrastructure companies. This focus makes the index a suitable benchmark for clients and market participants seeking the extra benefit of strong dividends in their infrastructure portfolios.”
Craig Noble, managing director of Brookfield’s global infrastructure securities platform, said: “The appeal of global infrastructure securities lies in predictable and growing cash flows. The strength of these cash flows results in strong dividend components, which are particularly attractive to investors given the recent volatility in broader equity markets.”
