FTSE Group has expanded its established FTSE Infrastructure Index Series with the launch of two capped indices to complement the FTSE Core Infrastructure Indices: FTSE Global Core Infrastructure Capped 50/50 Index and the FTSE Developed Core Infrastructure Capped 50/50 Index.

These capped versions of the infrastructure indices adjust the exposure of certain infrastructure sub-sectors, while still representing the developed and global universes of companies included in the FTSE Core Infrastructure Indices.

The expansion of the index series is in response to increased interest in this relatively young asset class, led by institutional investors diversifying into real assets such as infrastructure and real estate.

Consultation with industry practitioners and clients has led to the enhancement of the infrastructure benchmark, and has resulted in an industry-accepted definition of diversified infrastructure sub-sectors.

The sub-sectors included in the two new indices are:

· Utilities: electricity, gas, water, multi-utilities

· Transportation: airports, ports, toll roads, railroads, railways

· Other sectors: pipelines, satellites, telecommunications infrastructure

Jessie Pak, FTSE managing director, Asia said: "The enhancement to FTSE's Infrastructure Index Series, incorporating new capped versions, gives market participants an industry-defined interpretation of infrastructure. Through discussions with market practitioners we have increased the exposure of particular infrastructure sub-sectors, allowing for a broader representation of this growing asset class."

The FTSE Infrastructure Index Series captures the performance of listed infrastructure securities in both developed and emerging markets. Constituents are selected by further screening companies who derive revenues from infrastructure related activities within particular industry classification benchmark (ICB) sub-sectors of the FTSE Global All Cap Index.

The new indices will be available from March 2 2015.