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THEME INDICES

STOXX Global Broad Infrastructure

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Index Description

The STOXX Global Broad Infrastructure Index is derived from the STOXX Developed and Emerging Markets Total Market Index (TMI) and offers a diversified representation of companies that generate more than 50% of their revenue from selected infrastructure sectors. STOXX partnered with Revere Data, which defines 17 subsectors for the infrastructure industry. These 17 subsectors are rolled into five supersectors - Communications, Energy, Government Outsourcing/Social, Transportation and Utilities.

Key facts

  • Infrastructure companies display a lower sensitivity to market cycles compared to the broader equity market, thereby mitigating their losses in bear markets
  • Companies display significantly lower cash flow and operating income variability compared to the broader equity market, indicating that infrastructure companies are subject to lower business risk
  • A cap factor is applied not only at the component level (5%) to ensure that no company can dominate the index, but also on supersector (30%) and country (40%) levels to ensure a high level of diversification
  • Identification of the index universe is performed by an external independent party, Revere Data, LLC (San Francisco, USA), to guarantee transparent and independent stock selection

Descriptive Statistics

Index Market Cap (USD bn) Components (USD bn) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
STOXX Global Broad Infrastructure 2,285.4 1,888.2 10.9 4.2 71.9 0.0 3.8 0.0 10.2
STOXX Global 1800 75,713.7 69,622.1 38.7 12.1 3,434.8 1.0 4.9 0.0 2.5

Supersector weighting (top 10)

Country weighting

Risk and return figures1

Index returns Return (%) Annualized return (%)
Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y
STOXX Global Broad Infrastructure -3.0 10.3 24.7 10.1 28.3 N/A N/A 24.6 3.3 5.1
STOXX Global 1800 -2.1 16.8 34.0 21.0 78.1 N/A N/A 34.5 6.6 12.4
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Global Broad Infrastructure N/A N/A 9.4 12.1 15.4 N/A N/A 2.4 0.2 0.3
STOXX Global 1800 N/A N/A 10.8 15.2 18.0 N/A N/A 2.7 0.3 0.6
Index to benchmark Correlation Tracking error (%)
STOXX Global Broad Infrastructure 0.3 0.5 0.6 0.8 0.9 9.6 9.7 9.2 9.3 8.7
Index to benchmark Beta Annualized information ratio
STOXX Global Broad Infrastructure 0.2 0.5 0.5 0.6 0.8 -1.1 -0.7 -0.8 -0.4 -0.8

1For information on data calculation, please refer to STOXX calculation reference guide

2Based on EURIBOR1M

(USD, Gross Return), all data as of October 31, 2024

THEME INDICES

STOXX Global Broad Infrastructure

Fundamentals

Index Price/earnings incl. negative Price/earnings excl. negative Price/book Dividend yield (%)3 Price/sales Price/cash flow
Trailing Projected Trailing Projected Trailing Trailing Trailing
STOXX Global Broad Infrastructure 18.3 17.5 17.3 17.3 2.3 4.2 1.9 9.6
STOXX Global 1800 23.5 20.8 21.8 21.8 3.5 2.6 2.3 23.3

Performance and annual returns

Methodology

The index universe is the STOXX Developed and Emerging Markets TMI. To be included in the STOXX Global Broad Infrastructure Index, a company must pass through the following criteria - generate more than 50% of its revenue in selected infrastructure sectors and have a minimum three-month average daily trading volume (3-month ADTV) of 1 million US dollars. The infrastructure sectors, which are based on a proprietary industry classification of a research partner, as well as the detailed methodology including the calculation formula, can be found in our rulebook: www.stoxx.com/indices/rulebooks.html

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Price EUR CH0218829825 STXGBIP STXGBIP INDEX .STXGBIP
Gross Return EUR CH0218829908 STXGBIGR STXGBIGR INDEX .STXGBIGR
Net Return EUR CH0218829882 STXGBIR STXGBIR INDEX .STXGBIR
Net Return USD CH0218829965 STXGBIV STXGBIV INDEX .STXGBIV
Price USD CH0218829932 STXGBIL STXGBIL INDEX .STXGBIL
Gross Return USD CH0218830161 STXGBIGV STXGBIGV INDEX .STXGBIGV

Quick Facts

Weighting Free-float market cap
Cap Factor Component: 5%; Supersector: 30%; Country: 40%
No. of components Variable, but max. 40 per supersector
Review frequency Annually (A)
Calculation/distribution Price (EUR, USD), net return, gross return (EUR, USD): realtime (every 15 seconds)
Calculation hours Realtime: 00:00 am - 10:15 pm CET
Base value/base date 100 as of Mar. 16, 2007
History Available daily back to Mar. 16, 2007
Inception date Oct. 9, 2013
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet

Top 10 Components4

Company Supersector Country Weight
Canadian Pacific Kansas City Industrial Goods and Services Canada 3.807%
DEUTSCHE TELEKOM Telecommunications Germany 3.708%
Canadian National Railway Co. Industrial Goods and Services Canada 3.299%
Verizon Communications Inc. Telecommunications USA 2.750%
Comcast Corp. Cl A Telecommunications USA 2.616%
NextEra Energy Inc. Utilities USA 2.525%
AT&T Inc. Telecommunications USA 2.506%
Enbridge Inc. Energy Canada 2.475%
IBERDROLA Utilities Spain 2.424%
WASTE CONNECTIONS Utilities Canada 2.413%

3Net dividend yield is calculated as net return index return minus price index return

4Based on the composition as of October 31, 2024

THEME INDICES

STOXX Global Broad Infrastructure

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.