Thomson Reuters says it will release a set of equities-based infrastructure and utility company indices in mid-March.
Available on the provider's buy-side Eikon portal, the indices will include global companies involved in utilities, transport infrastructure, energy infrastructure and telecommunications infrastructure, and contain approximately 300 companies from developed and emerging countries.
They will draw from Thomson Reuters Business Classification (TRBC) scheme, which covers about 65,000 firms globally.
In addition to a global index, Thomson Reuters will also publish a global developed infrastructure, a global emerging infrastructure, and a balanced infrastructure index which limits the weight of the utilities sector to 50 percent in the initial launch.
Sub-indices and additional currency variants will follow in April to bring the total number of indices in the series to approximately 100.
The series was developed in consultation with infrastructure fund managers with special care given to the use of a systematic rather than research-based approach to identify companies considered part of the infrastructure sector.
“We are delighted to be launching an index series which provides a rules-based performance measurement solution for investors in this increasingly popular, but sometimes hard to define asset class,” says Stephan Flagel, head of indices at Thomson Reuters.
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