SGX and CAI launch index targeted towards long term aviation

This is the first-of-its-kind collaboration between an index provider and an airport group.

Singapore Exchange (SGX) and Changi Airports International, in a historical collaboration, launched the iEdge-GateEq Aviation and Travel Index.

It covers the top 50 listed companies worldwide with revenue derived from the six sectors chosen by GateEq, namely: Airport Infrastructure and Services, Airlines, Original Equipment Manufacturer (OEM) and System Providers, Air Freight and Logistics, Travel and Booking Services, and Hospitality.

Overall, the index was constructed to be tradable with efficient liquidity and replicability, with SGX reviewing the index constituents quarterly.

“We are delighted to partner CAI on this aviation and travel index launch. As borders reopen and travel restrictions ease, the aviation and travel sector is one that is keenly watched by investors seeking to capture post-pandemic growth. While growth across the industry may be uneven, we hope that this index will serve as a yardstick and source of insight for investors and the wider industry, and we certainly look forward to this ongoing partnership with CAI,” Ng Kin Yee, Managing Director and Head of Data, Connectivity and Indices, SGX.