SGX Collaborates with CAI to Launch iEdge-GateEq Aviation and Travel Index

Singapore Exchange (SGX) announced that it has collaborated with Changi Airports International (CAI) to launch the iEdge-GateEq Aviation and Travel Index, aiming to capture global aviation and travel-related long term growth, as borders reopen and travel restrictions ease.

The new index is developed by SGX and GateEq, a strategic initiative of CAI which is the consultancy and investment arm of Changi Airport Group, covering the top 50 listed companies worldwide with revenue derived from the six sectors defined by GateEq.

This index is constructed to be tradable, with efficient liquidity and replicability. SGX will review the index constituents quarterly, using the index methodology to screen a universe of stocks researched by GateEq.

“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, said.

“Notwithstanding CAI having established a global footprint covering multiple airports across different regions, we believe this is the first occasion in the world where an airport group is working with a leading index market provider to provide such a unique solution for the financial market. We are excited to work with SGX in this new partnership and to launch the index at this opportune moment as borders reopen,”Eugene Gan, CEO of CAI, said.

The exchange also announced Cantor Fitzgerald, a leading global financial services firm, has become a newly accredited Issue Manager​ for SGX Mainboard listings.