The infra100® Equity index is a global representation of the 100 largest unlisted infrastructure companies. It is a market benchmark designed to provide an accurate reflection of the performance of large cap unlisted infrastructure.

Among the highlights of Q3 2025:

• The infra100® index posted a quarter-over-quarter total return of 0.87% for September 2025, marking a continuation of the positive performance of the prior two quarters. Returns were driven primarily by declines in interest rates across South American constituents.

• Data Infrastructure constituents in the index generated the greatest returns, at 3.48%, contributing 0.14% of the index quarterly returns, reflecting surging demand in this sector due to AI, cloud computing, and digitalisation.

• Renewable sector led performance this quarter, contributing 0.4% to total returns.

• Companies with contracted revenue models and project structures were major contributors, adding 0.49% and 0.59%, respectively, to Q3 returns. This reflects the attractiveness of stable, long-duration infrastructure assets.

• The top-performing constituents came from sectors such as Data Infrastructure and Renewables predominantly in the Americas, benefiting from lower bond yields in Brazil and reduced equity risk premiums.

• The top five performing infra100 constituents saw average positive total returns of 4.2% quarter-on-quarter.

Read the full report here.

Find out more about the infra100® index here.