A new Australian infrastructure benchmark, measuring the performance of transport and utility stocks, will launch on the ASX on Monday.
The Standard and Poor’s / ASX Infrastructure Index is the latest in a series of global indices developed by the credit rating company for the market.
The index will consist of the transport and utility sectors of the S&P/ASX 300 index, using the same methodology as the company’s Global Infrastructure Index, with modifications to tailor it to Australian market conditions.
“Infrastructure investing was pioneered in Australia and there has always been strong interest in infrastructure assets within the Australian market, S&P Indicies director of research said. “Over time it has been recognised as a distinct asset class.”
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