Dow Jones Indexes and Brookfield Asset Management, a global asset management company focused on property, power and infrastructure assets, have launched an index measuring the highest-yielding stocks.

The Dow Jones Brookfield Global Infrastructure Composite 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," said Michael Petronella, president of Dow Jones Indexes.

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

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

The indexes measure the performance of companies that show strong infrastructure characteristics.

The index family includes a composite index, regional indexes for the Americas, Europe, the Asia-Pacific and global (excluding the US). Eight sector indexes are for airports, communications, diversified, oil and gas storage and transport, ports, toll roads, electricity transmission and distribution and water.

Also included is the Dow Jones Brookfield Infrastructure MLP Index. This tracks master limited partnerships.

The Dow Jones Brookfield Global Infrastructure Composite Yield Index is reviewed semi-annually in March and September. Daily historical data for the Dow Jones Brookfield Global Infrastructure Composite Yield Index are available back to December 31, 20021.