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UBS launches Infrastructure & Utilities Index

Sydney | | Media Releases APAC

UBS and Standard & Poor's launch Australia's most relevant Infrastructure & Utilities benchmark for Investors

UBS in conjunction with Standard & Poor's (S&P) today launched the UBS Infrastructure and Utilities Index series for Australia. The Index is a benchmark for the sector that now accounts for 6.1% of the S&P/ASX 200.

The UBS Infrastructure & Utilities Index consists of 16 indices providing the most relevant sector classifications for listed Australian Infrastructure & Utilities stocks to investors.

These indices have been designed to provide users with:

  • an accurate measure of historic returns since 1st January 1995;

  • an ongoing measure of price and accumulation returns; and

  • a benchmark to compare returns on an intra and inter-sector basis.

"These indices will provide the financial community with a stable and objective basis for evaluating the performance of the Australian listed Infrastructure & Utilities market," said John DEAKIN-BELL, Head of Research, UBS Australia.

"We believe the trend among asset managers to allocate funds specifically to the Infrastructure & Utilities sector will continue to grow strongly both in Australia and internationally. We have seen significant growth in this sector which provides exposure for investors to an asset class with predictable, growing cash flows and attractive yields."

Tim EISENHAUER, Standard and Poor's Global Head of Custom Indices, noted the benefits of the Index series as being readily investable, transparent and with objective inclusion rules.

"This Index provides an excellent benchmark for a sector which has grown 32% pa in market capitalisation over the last 5 years and significantly outperformed the broader market (S&P/ASX 200) over 1, 2, 3, 5 and 10 years," he said.

"We look forward to continuing to work closely with UBS tracking the performance of this exciting sector," concluded Eisenhauer.

Head of Infrastructure & Utilities Research at UBS Australia, Craig STAFFORD said: "The UBS Infrastructure and Utilities Index is both robust and relevant. With the sector growing at such a pace it is important to have a clear and concise benchmark. The index series also recognises that Utilities is a more mature sector that needs a separate index."

The UBS Infrastructure & Utilities (UBS IU) Indices are calculated based on companies' free-float market capitalisation, as defined by S&P. Price and total return index data is calculated daily by S&P.

The UBS Infrastructure and Utilities Index series is available at no cost from UBS as well as IRESS (see codes in appendix) and will be shortly available from other financial data providers. Given the globalisation of the Infrastructure & Utilities sector, UBS will extend these indices to international markets shortly.

The UBS Infrastructure & Utilities Index is the latest addition to the UBS series of market benchmarks including the widely used UBS Composite Bond Index and the UBS Property Index.

Inclusions: UBS Infrastructure and Utilities structure
IRESS Codes

For further Information:

Ms Michelle Chaperon

(P) +612 9324 3286

(M) +61 416 285907

Ms Caroline Gurney

(P) +612 9324 3335

(M) +61 403 279605


Sydney, 9 August 2005
UBS


UBS Infrastructure and Utilities Index

IRESS codes for UBS Infrastructure & Utilities Index series

Index Description

Price Index

Accumulation Index (Total Return Index)

UBS Infrastructure

SIINF

SIINFAI

+ UBS Airports

SIARPT

SIARPTAI

+ UBS Communications Infrastructure

SICMINF

SICMINFAI

+ UBS Toll Roads

SITLRD

SITLRDAI

UBS Utilities

SIUTL

SIUTLAI

+ UBS Integrated Utilities

SIINTU

SIINTUAI

+ UBS Transmission & Distribution

SITMD

SITMDAI

+ UBS Generation

SIGNR

SIGNRAI

+ UBS Diversified Utilities

SIDVU

SIDVUAI

UBS Infrastructure & Utilities

SIINFU

SIINFUAI

Source: IRESS, UBS