NEW YORK, May 8, 2015 /PRNewswire/ -- 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 May 15, 2015
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Component change:
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Deletion and Replacement
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Index Name:
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Cohen & Steers Global Realty Majors Portfolio Index
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Index Symbol:
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GRM
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Calculation method:
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Free-Float Adjusted Modified Market Capitalization Weighted Index
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Deleted component symbol:
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SKT.US
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Deleted component name:
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Tanger Factory Outlet Centers, Inc.
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Replacement component symbol:
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EXR.US
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Replacement component name:
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Extra Space Storage, Inc.
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The Global Realty Majors Portfolio Index is a free-float adjusted, modified 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.
More information is available at cohenandsteers.com.
About Cohen & Steers. Founded in 1986, Cohen & Steers is a leading global investment manager with a long history of innovation and a focus on real assets, including real estate, infrastructure and commodities, along with preferred securities and other income solutions. Headquartered in New York City, with offices in London, Hong Kong, Tokyo and Seattle, Cohen & Steers serves institutional and individual investors around the world.
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SOURCE Cohen & Steers, Inc.
