EDHECinfra Index Methodology
EDHECinfra indices and benchmarks aim to provide the representative, risk-adjusted performance of investments in unlisted infrastructure equity and private debt.
EDHECinfra produces calculated (as opposed to contributed) indices: our data and technology allows re-pricing hundreds of individual assets through time, using actual transaction prices to recalibrate expected returns (and discount rates).
This approach uses market inputs, thus avoiding the smoothing of returns caused by appraisal valuations and providing a genuine fair value assessment of performance.
Unlike other private indices, which only report an average performance, EDHECinfra indices include the effect of diversification and provide advanced risk metrics such as volatility, value-at-risk and risk factor prices. The index calculation method is summarised below in four key steps.
A Code of Conduct for Data Contributors
Download the data contributot code of conduct here.
This Code of Conduct details the expectations for contributors to EDHECinfra's indices and should be read in conjunction with Article 15 of the EU Benchmarks Regulation (BMR) for contributed benchmarks. The BMR requires benchmarks derived from contributed information to develop a Code of Conduct that specifies the contributor's responsibilities with respect to the input data.
The code details the governance, data submission, record keeping and data revision/ error checking requirements and that a contributor must follow to be included in EDHECinfra's indices.
To assist in the understanding of the infrastructure asset class, EDHECinfra commits to produce high quality benchmarks of infrastructure investments.
The production of these benchmarks requires the cooperation of infrastructure investors and governments to provide confidential information on their investments. EDHECinfra appreciates that reporting of confidential information is sensitive for all data contributors, and it provides the following assurance.
Data contributors can be assured of the following:
- that EDHECinfra will keep all information submitted in confidence, confidential information provided to EDHECinfra will not, unless otherwise agreed in writing beforehand, be disclosed to any party, unless it becomes public by another source;
- that EDHECinfra will provide feedback on the data submitted, either to ask clarification or on 'best practice' of reporting;
- that EDHECinfra will respond to submissions and queries in a timely manner.
In return for providing data, contributors to EDHECinfra indices can gain access to certain analytical reports and analyses based on the contributed data as well as EDHECinfra's data collected from public sources.
Access or use of some or all of these analytical reports may require a obtaining a licence from EDHECinfra.
Reports and analyses rely on data collected from multiple sources.EDHECinfra endeavours to ensure that the information is correct, but it shall not be held responsible for the accuracy, completeness, currentness or quality of the information and data in the database or the Reports which are prepared using the EDHECinfra database.