Cohen & Steers Announces Change in Global Realty Majors Portfolio Index
04 October 2008 - 8:08AM
PR Newswire (US)
NEW YORK, Oct. 3 /PRNewswire-FirstCall/ -- Cohen & Steers, Inc.
(NYSE: CNS) announced today a pending change to its Global Realty
Majors Portfolio Index (GRM) effective at the close of business on
October 7, 2008. Component change: Deletion and Replacement Index
Name: Cohen & Steers Global Realty Majors Portfolio Index Index
Symbol: GRM Calculation method: Modified Capitalization Weighted
Index Deleted component symbol: GGP Deleted component name: General
Growth Properties, Inc. Replacement component symbol: BRE
Replacement component name: BRE Properties, Inc. The Global Realty
Majors Portfolio Index is a free-float, market-cap-weighted total
return index of selected real estate equity securities. It is
quoted intraday on a real-time basis by the Chicago Mercantile
Exchange under the symbol GRM. The index's free-float market
capitalization approach and qualitative screening process emphasize
companies that the Cohen & Steers Index Committee believes are
leading the securitization of real estate globally. GRM can be used
as an indexing benchmark, stock selection universe, underlying
index for derivative instruments or performance benchmark. All
index weightings are independently calculated by Standard &
Poor's. About Cohen & Steers Cohen & Steers is a manager of
income-oriented equity portfolios specializing in U.S. and
international real estate securities, large cap value stocks,
utilities and listed infrastructure, and preferred securities. The
company also offers alternative investment strategies such as
hedged real estate securities portfolios and private real estate
multimanager strategies. Headquartered in New York City, with
offices in London, Brussels, Hong Kong and Seattle, Cohen &
Steers serves individual and institutional investors through a
broad range of investment vehicles. DATASOURCE: Cohen & Steers,
Inc.; Global Realty Majors Portfolio Index CONTACT: Francis C.
Poli, Executive Vice President and General Counsel, Cohen &
Steers, Inc., +1-212-832-3232
Copyright