NEW YORK, Nov. 10, 2017 /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 November 17, 2017.
Component change: Deletion and Replacement
Index name: Cohen & Steers Global Realty
Majors Portfolio Index
Index symbol: GRM
Calculation method: Free-Float Adjusted Modified
Market Capitalization Weighted
Deleted component symbol: DEQ.GR
Deleted component name: Deutsche Euroshop AG
Replacement component symbol: FDR.FP
Replacement component name: Fonciere des Regions SA
GRM is a free-float adjusted, modified market capitalization-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 modified market capitalization-weighted 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. Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Hong Kong, Tokyo and Seattle.
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SOURCE Cohen & Steers, Inc.