PT SMI, in cooperation with IDX, has created the SMinfra18 Index, comprising 18 infrastructure stocks and its supporting companies. SMinfra18 is a reference for investors and infrastructure companies that want to join the stock market. The SMinfra18 index will be a convenient way to invest in these projects. Investors can use this information to decide how to invest in the projects, while companies can use it to decide if they need to become public. We hope that more companies will share this information with the market, which will increase the financing capacity of the infrastructure companies.

• To be a reference for the investors to invest in infrastructure stocks with high liquidity and large capitalization
• To be the underlying for the investment product development such as Exchange-Traded Fund (ETF), mutual funds, and other derivative products
• To increase investors’ confidence which will then indirectly improve the listed infrastructure companies’ performance as well as its capacity to access wider and cheaper funding
• To encourage infrastructure companies to become public companies

• The infrastructure sectors eligible for PT SMI referring to the Ministry of Finance Regulation No.100 /PMK.010/2009 regarding Infrastructure Financing Company
• Fundamental factors as the basic criteria in the selection of SMinfra18 Index constituents and their contribution in the infrastructure development in Indonesia
• Transaction activities such as regular transaction value, market capitalization, transaction frequency, number of transaction days and stock free float ratio
• The selection of SMinfra18 index components is based on the companies’ good corporate governance (GCG)

To test and to obtain the long historical data, SMinfra18 Index was calculated from the based calculation day in December 2004 with index score of 100.

IDX and PT SMI will review the SMinfra18 Index components periodically every 6 months, in April and October. The SMinfra18 Index constituents will be updated every 1st of May and 1st of November.

SMinfra18 Index will be periodically reviewed by Independent Committee. The members of the Independent Committee are as follow:

1. Bacelius Ruru SH, LLM
2. Prof. Firmanzah Ph.D
3. DR. Aviliani

For the period November 2020 – April 2021