New index will measure highest yields of Dow Jones Brookfield index

By Devika Patel

Knoxville, Tenn., Nov. 4 - Dow Jones Indexes and Brookfield Asset Management Inc. said they have created a new index that measures the highest-yielding stocks in the Dow Jones Brookfield Global Infrastructure Composite index.

The index universe is defined as all stocks in the Dow Jones Brookfield Global Infrastructure Composite index. Companies in that index are ranked in descending order by indicated annual yield, and the top 70% of the stocks are selected as components in the Dow Jones Brookfield Global Infrastructure Composite Yield index.

The new index is weighted by float-adjusted market capitalization. The weight of individual components is capped at 10% on a quarterly basis.

The Dow Jones Brookfield Global Infrastructure indexes measure the performance of companies that exhibit strong infrastructure characteristics. The index family includes a composite index, regional indexes for the Americas, Europe, Asia-Pacific and Global ex-United States and eight sector indexes for airports, communications, diversified, oil and gas storage and transportation, ports, toll roads, electricity transmission and distribution and water. Also included is the Dow Jones Brookfield Infrastructure MLP index, which tracks master limited partnerships.

The Dow Jones Brookfield Global Infrastructure Composite Yield index is reviewed semiannually in March and September. Index composition and weighting adjustments are also made on an as-needed basis to account for corporate actions such as delistings, bankruptcies, mergers or takeovers. Daily historical data for the new index is available back to Dec. 31, 2002.

"We've seen continued interest in infrastructure assets as a growing investment niche, along with the need for accurate measurement tools," Dow Jones Indexes president Michael A. Petronella said in a press release. "The new Dow Jones Brookfield Global Infrastructure Composite Yield index takes a yield-oriented approach to measuring the performance of infrastructure companies. This focus makes the index a suitable benchmark for clients and market participants seeking the extra benefit of strong dividends in their infrastructure portfolios."

New York-based Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products.

Brookfield is a Toronto-based asset manager focused on property, renewable power and infrastructure assets.

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