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FTSE, IDFC launch infra index

BS Reporter  |  New Delhi 

Global index provider FTSE Group and Infrastructure Development Finance Company (IDFC) on Tuesday launched India's first infrastructure index series to assist investors seeking to access the country's infrastructure market.
The FTSE IDFC India Infrastructure Index Series will represent the performance of domestic companies listed on the National Stock Exchange or the Bombay Stock Exchange, generating a majority of their revenue from infrastructure.
The series is designed to be used by investors for investment analysis, performance measurement, asset allocation, portfolio hedging and for creating a wide range of index-tracking funds.
"FTSE enjoys a reputation for innovation in indexing and working with IDFC to create an index for this dynamic asset class is a great opportunity to showcase those skills," said Donald Keith, Deputy Chief Executive, FTSE Group.
The series contains one tradable and one benchmark index and is calculated in real time and at the end of the day. It contains stocks focused on infrastructure sectors, including transportation, energy, communication and construction.
"The index series will be extremely useful to Indian and international investors in getting exposure to Indian infrastructure through funds and structured products," said Rajiv Lall, managing director and chief executive officer of IDFC.

First Published: Wed, July 25 2007. 00:00 IST
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