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FT Wilshire GLIO Listed Infrastructure Index Series
"Built by the asset class for the asset class"

Data as of June 28, 2024

Headline Asset Class Performance (Annualized in USD)

Index (US$)
Mth
YTD
12 Mths
3 Yrs
5 Yrs
7.5 Yrs
10 Yrs
12.5 Yrs
15 Yrs
17.5 Yrs
20 Yrs
22.5 Yrs
FTW GLIO Dev Infra
-2.8%
0.8%
3.1%
2.0%
4.7%
7.9%
6.4%
8.6%
10.1%
7.7%
9.7%
9.8%
FTW Dev Large Caps
2.2%
12.3%
21.0%
7.4%
12.4%
12.2%
9.8%
11.8%
11.7%
7.8%
8.9%
8.5%
Bonds
0.1%
-3.2%
0.9%
-5.5%
-2.0%
0.2%
-0.4%
0.2%
1.2%
1.9%
2.3%
3.1%

Source: GLIO, FT Wilshire & Bloomberg

Defining Infrastructure

Global listed infrastructure companies tend to own long-lived assets that provide essential services to society, such regulated utilities, renewables, energy transportation networks, communications and transportation infrastructure. These services are often in monopoly market situations with high barriers to entry, and are supported by long-term contracts or regulation -- providing potentially stable and predictable cash flows. Growth in assets/funds under management continues to accelerate, creating new opportunities for global investors.

The FT Wilshire GLIO Listed Infrastructure Index Series is designed to capture and measure the performance of infrastructure companies, providing investors with the clearest exposure to globally listed companies which own and/or operate infrastructure assets in 5 sector groups and 11 key sectors (see table below). 

FT Wilshire GLIO Listed Infrastructure - Group and Sector Breakdowns & Annualized USD Total Returns

FTW GLIO Index
No. Cos
FF MC $Bn
Wght (%)
Month
YTD
1 Yr
3 Yrs
5 Yrs
7.5 Yrs
10 Yrs
12.5 Yrs
15 Yrs
17.5 Yrs
20 Yrs
22.5 Yrs
Global Listed Infra
206
2,724
100.0%
-2.7%
1.2%
3.9%
2.2%
4.7%
7.9%
6.2%
8.3%
9.7%
7.5%
9.7%
9.8%
Dev Capped 50% USA
134
2,520
92.5%
-2.7%
-0.1%
2.4%
1.9%
4.6%
7.7%
5.9%
7.9%
9.3%
7.0%
9.2%
9.4%
Dev Capped 50% Sector
134
2,520
92.5%
-2.1%
1.9%
5.2%
3.5%
5.3%
8.0%
6.4%
8.6%
10.5%
8.0%
10.4%
10.8%
Dev Cap 50% Sector & USA
134
2,520
92.5%
-2.1%
1.3%
4.6%
3.3%
5.3%
8.0%
6.3%
8.5%
10.4%
7.9%
10.3%
10.7%
Emerging Infra
72
204
7.5%
-0.8%
7.5%
13.7%
5.9%
4.8%
7.0%
3.1%
4.2%
5.4%
5.5%
10.7%
11.2%
Developed Infra
134
2,520
92.5%
-2.8%
0.8%
3.1%
2.0%
4.7%
7.9%
6.4%
8.6%
10.1%
7.7%
9.7%
9.8%
Utilities
77
1,276
46.8%
-4.0%
3.5%
1.7%
3.1%
4.2%
6.9%
6.6%
8.0%
8.7%
6.5%
8.6%
8.6%
Electric Utilities
53
1,062
39.0%
-4.7%
4.0%
2.0%
3.7%
4.6%
6.9%
6.8%
8.1%
8.7%
6.5%
8.6%
8.6%
Gas Utilities
16
154
5.6%
-0.5%
3.0%
3.1%
1.9%
2.0%
6.9%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Water Utilities
8
60
2.2%
-1.4%
-4.0%
-6.1%
-3.7%
3.8%
6.8%
6.0%
9.1%
10.7%
7.1%
9.9%
10.9%
Transport
16
498
18.3%
-2.7%
-4.7%
2.6%
2.1%
5.0%
9.8%
7.9%
11.0%
13.0%
10.2%
11.8%
11.9%
Rail
8
422
15.5%
-3.1%
-5.4%
2.1%
1.7%
6.0%
10.9%
8.8%
11.7%
13.8%
11.2%
12.2%
11.6%
Roads
3
48
1.8%
0.3%
-3.5%
2.3%
3.2%
2.3%
6.8%
4.3%
8.2%
9.2%
6.0%
8.6%
11.9%
Airports
5
28
1.0%
-0.8%
4.9%
12.7%
7.4%
0.1%
5.4%
6.8%
10.4%
12.6%
9.4%
12.6%
13.1%
Energy T&S
13
362
13.3%
2.1%
13.1%
21.6%
12.7%
10.0%
7.6%
3.0%
6.1%
10.8%
8.4%
11.2%
12.6%
Renewables
18
207
7.6%
-4.3%
-7.3%
-4.5%
-3.3%
5.8%
11.3%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Communications
10
177
6.5%
-2.0%
-12.4%
-6.1%
-11.6%
-0.4%
7.7%
6.7%
9.5%
11.7%
9.2%
12.5%
11.0%
Telecom Infra
6
170
6.2%
-1.6%
-11.9%
-4.0%
-12.0%
0.2%
8.8%
8.6%
11.3%
13.9%
10.4%
13.6%
12.2%
Satellites
3
5
0.2%
-12.0%
-26.4%
-43.4%
-11.9%
-13.1%
-7.1%
-9.7%
-4.5%
-1.7%
-0.8%
3.5%
2.7%
Cables
1
2
0.1%
3.1%
-3.5%
-3.8%
7.5%
10.1%
14.1%
18.1%
0.0%
0.0%
0.0%
0.0%
2.7%

Index Methodology Summary

The FT Wilshire GLIO Listed Infrastructure Index Series uses a systematic approach to determine company selection and eligibility.


Natural Language Processing (NLP) is used to identify candidate companies and isolate infrastructure related EBITDA
NLP applied to each infrastructure sector defined by GATS.


Companies and EBITDA are identified via an accept/reject of relevant words and phrases.


New constituents must have infrastructure related EBITDA ratio ≥ 0.66 and identified key phrases to be eligible.


If EBITDA is unknown, asset values are considered. If there is no asset value breakdown, sales revenue is used. If sales revenue is unavailable, the index advisory group can provide oversight if necessary.


Apply 10% EBITDA & liquidity buffer on existing constituents to prevent unnecessary turnover and whip-sawing.

Remove small and illiquid companies.


Stocks are weighted by free-float market capitalisation in US Dollars.


Review is semi-annual in March and September.


Wilshire-GLIO index advisory group can provide additional oversight.

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