News Americas, NEW YORK, NY, Fri. Sept. 30. 2011: A new way to measure the largest and most liquid publicly-listed Latin American infrastructure companies that meet certain investability requirements has been launched.
S&P Indices this week announced the launch of the S&P Latin America Infrastructure Index on the heels of the introduction of the S&P MILA 40 earlier this month.
According to S&P, these Indices will be providing investors in Latin America with a means of measuring the performance of leading companies in the region.
Using companies’ business descriptions and “cluster” Global Industry Classification Standard (GICS®) classification techniques, the S&P Latin America Infrastructure Index methodology identifies constituents belonging to the Energy, Transportation, Telecommunications and Utilities clusters.
The Index uses a modified market capitalization weighting scheme with constituent weights determined by size. No single constituent with the S&P Latin America Infrastructure Index can have a weight of more than 8 percent in the Index.
