RIMES has added MSCI’s infrastructure data to the RIMES Managed Data Services (MDS), in line with our mission to provide the industry’s broadest library of index and benchmark data to financial services firms. The data sets include the MSCI World Infrastructure Index, World Core Infrastructure Index and the Global Quarterly Private Infrastructure Index. RIMES’ clients can access information on all private and listed assets covered by MSCI, as well the underlying data components.
MSCI’s latest data shows that infrastructure has been significantly impacted by COVID-19, lowering returns across all exposures.
According to MSCI, much of the downward drag on infrastructure can be attributed to transport infrastructure assets, which have been particularly hard hit by pandemic-enforced travel restrictions. Transport infrastructure underperformed relative to water utilities and power.
The outsized impact of the pandemic on air travel also contributed to the poor performance of transport infrastructure. In the nine months up to September, returns on uncontracted assets plummeted -5.32%, while contracted assets posted a small gain of 1.91%. Transport assets and airports comprised the vast majority 64.11% of all uncontracted assets, while power and water utilities accounted for 79.08% of contracted assets.
As an asset class, infrastructure has grown significantly in recent years. By making MSCI’s infrastructure data available on the MDS, RIMES seeks to ensure that research, quant, risk and investment teams at financial services firms have the information they need to thrive in this increasingly important market.
Will Robson, Global Head of Real Estate Research Solutions at MSCI, comments: “Infrastructure is a complex and varied asset class, a fact that has been reflected in the returns delivered through the COVID-19 pandemic. These have varied substantially by industry and the level of regulation and contracting in assets’ income streams. Given the variety of options for investors to gain exposure and the similarly varied returns from each, the starting point is getting an accurate view of the market through high-quality data.”
Patrick Walsh, Global Head of Content Management at RIMES, adds: “Financial sector firms face a huge challenge in making sense of market conditions in volatile times like these, especially if they’re operating in alternative asset classes that are highly exposed to changes in consumer demand in the real economy. MSCI’s indices helps bring certainty to this area with granular data that can help firms keep up with events. Provided by RIMES, firms can access this data in a timely way knowing that it’s been fully validated and provided in a fit-for-purpose format for immediate use in operational systems.”
RIMES Managed Data Services is a proven data operating platform that helps firms of all sizes and in all regions align their data consumption closely with business needs. Contact us to learn more.
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