The purpose of this paper is to update the detailed analysis of the major global listed infrastructure indices we conducted in 2013. This follows the release of two new global listed infrastructure indices, by both FTSE and MSCI, and the decommissioning of the UBS infrastructure index series. The focus of this paper is on whether the indices truly capture the infrastructure characteristics many investors are looking for, including low cashflow volatility from long lived assets, inflation protection, and portfolio diversification benefits.