S&P Dow Jones Indices on Wednesday launched two new indexes that will break out and track tax-exempt and taxable revenue bonds in existing S&P DJI indexes.
The S&P Municipal Bond
The S&P Taxable Municipal Revenue Bond
S&P DJI also introduced two indexes to measure corporate and preferred debt issued by infrastructure companies throughout the world.
The Dow Jones Brookfield Global Infrastructure Broad Market Corporate Bond Index is a market value-weighted index that seeks to measure the performance of the corporate debt issued by infrastructure companies globally. The S&P U.S. Preferred Infrastructure Stock Index is designed to measure the performance of the infrastructure sector of the U.S. preferred stock market, categorized according to selected Global Industry Classification Standard sub-industry groups.
"Today's launch of a suite of global infrastructure bond indices allows S&P Dow Jones Indices to provide investors with a complement to our well known suite of infrastructure equity indices," Alex Matturri, CEO of S&P DJI, said in a press release, "and places us one step closer to our stated goal as being the only major index provider to offer an extensive lineup of fixed income indices across all bond types throughout the world."
In January, S&P DJI announced a plan to expand its fixed-income index business.
