Markit iBoxx launches infrastructure bond indices
IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced the launch of the Markit iBoxx® Infrastructure indices spanning infrastructure corporate bonds across USD, GBP and EUR investment grade, and USD high yield. The indices include companies in the energy, telecommunications, transportation and utilities sectors.
Infrastructure investments continue to attract increasing investor attention due to the established link with long-term economic growth. Investor interest has been further fuelled by growth in outstanding infrastructure debt of over 60% in the last five years*. The Markit iBoxx Infrastructure indices use a targeted classification system, which provides investors with a dedicated benchmark for tracking the performance of infrastructure investments that meet specific criteria. Deutsche Asset Management collaborated with Markit iBoxx on the development of the indices by providing research and market expertise on infrastructure debt.
Ibrahim Kara, director of index research at IHS Markit, said: “Our experience in building new and innovative fixed income indices equips us to extend our iBoxx coverage to infrastructure investments. The evolution of infrastructure investing has now reached the stage where it has become crucial to have access to high quality performance benchmarks that measure and track a wider investment opportunity. We are delighted to satisfy this industry demand with our latest indices.”
Jorge Rodriguez, head of Infrastructure Debt, Deutsche Asset Management, said: “Based on growing interest in the asset class, there was a need to develop a set of infrastructure debt indices which would allow investors to not only determine the role the asset class serves in a multi-asset portfolio but to also value investments and measure performance. The new Markit iBoxx infrastructure indices provide investors with additional transparency to evaluate infrastructure debt risk and return from several perspectives — namely sector, credit quality, duration, geography, and currency — which allows them to underwrite infrastructure investments globally.”
IHS Markit is a leading independent provider of fixed income and macroeconomic indices, calculating more than 17,000 indices globally. Our indices include the iBoxx bond indices, the iTraxx® and CDX® credit derivative indices, as well as the Purchasing Managers’ Index® (PMI®) series, which are used as indicators of economic activity in over 30 countries. Over $100bn in ETF assets are linked to iBoxx indices.
*As measured by bonds from infrastructure-related sectors that are part of the Markit iBoxx USD, EUR and GBP Corporate indices.
|Index name||ISIN||Bloomberg ticker||Reuters ticker||Return type|
|Markit iBoxx EUR Infrastructure||GB00BYT24K27||IBXXINFE||
|Markit iBoxx GBP Infrastructure||GB00BYT24M41||IBXXINFG||
|Markit iBoxx USD Infrastructure||GB00BYT24F73||IBXXINFR||
|Markit iBoxx USD Liquid High Yield Infrastructure||GB00BYT24H97||IBXXINFH||
**Total Return index
About IHS Markit ( www.ihsmarkit.com )
IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. All other company and product names may be trademarks of their respective owners © 2016 IHS Markit Ltd. All rights reserved.
About Deutsche Asset Management – Infrastructure
Deutsche Asset Management’s infrastructure investment business has been investing in infrastructure assets since 1992. The global platform – which provides client solutions covering private equity infrastructure, listed infrastructure and infrastructure debt – gives investors access to such economic sectors as transportation, utilities, telecommunications, and other service sectors critical to the basic functioning of local and global economies. As part of the alternatives platform, the infrastructure business has $22.8/ €20.9 billion in assets under management, 20+ years direct infrastructure experience and 49 infrastructure investment professionals as of Dec. 31, 2015.
Deutsche Asset Management
With about EUR 739 billion of assets under management (as of March 31, 2016), Deutsche Asset Management¹ is one of the world’s leading investment management organizations. Deutsche Asset Management offers individualsand institutions traditional and alternative investments across all major asset classes. ¹ Deutsche Asset Management is the brand name of the Asset Management division of the Deutsche Bank Group. The respective legal entities offering products or services under the Deutsche Asset Management brand are specified in the respective contracts, sales materials and other product information documents. 046435_1.0