Cohen & Steers Announces Changes to Realty Indexes

Rhea-AI Summary

Cohen & Steers (NYSE: CNS) has announced upcoming changes to its Global Realty Majors Portfolio Index (GRM) and International Realty Majors Portfolio Index (IRP), effective February 21, 2025. The key modification involves replacing CK Asset Holdings (1113.HK) with Hongkong Land Holdings (HKL.SP) in both indexes.

These indexes are free-float adjusted, modified market capitalization-weighted total return indexes that track selected real estate equity securities. They are quoted intraday on a real-time basis by the Chicago Mercantile Exchange. The indexes utilize a modified capitalization-weighted approach and qualitative screening process to identify leading companies in global real estate securitization. All index weightings are independently calculated by Standard & Poor's.

NEW YORK, Feb. 14, 2025 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today pending changes to its Global Realty Majors Portfolio Index (GRM) and International Realty Majors Portfolio Index (IRP), effective as of the close of business on February 21, 2025. 

Cohen & Steers Global Realty Majors Portfolio Index (GRM)
Added component (symbol)	Removed component (symbol)
Hongkong Land Holdings Ltd. (HKL.SP)	CK Asset Holdings Ltd. (1113.HK)
Cohen & Steers International Realty Majors Portfolio Index (IRP)
Added component (symbol)	Removed component (symbol)
Hongkong Land Holdings Ltd. (HKL.SP)	CK Asset Holdings Ltd. (1113.HK)

These free-float adjusted, modified market capitalization-weighted total return indexes of selected real estate equity securities are quoted intraday on a real-time basis by the Chicago Mercantile Exchange. The Indexes' modified capitalization-weighted approach and qualitative screening process emphasize companies that Cohen & Steers believes are leading the securitization of real estate globally.

The Indexes can be used as indexing benchmarks, stock selection universes, underlying indexes for derivative instruments or performance benchmarks. All index weightings are independently calculated by Standard & Poor's.

Website: https://www.cohenandsteers.com/
Symbol: (NYSE: CNS)

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore.

 

View original content:https://www.prnewswire.com/news-releases/cohen--steers-announces-changes-to-realty-indexes-302377331.html

SOURCE Cohen & Steers, Inc.

FAQ

What changes are being made to Cohen & Steers' GRM and IRP indexes in February 2025?

Hongkong Land Holdings (HKL.SP) will be added to both indexes, while CK Asset Holdings (1113.HK) will be removed, effective February 21, 2025.

How are the Cohen & Steers realty indexes weighted and calculated?

The indexes are free-float adjusted, modified market capitalization-weighted total return indexes, with weightings independently calculated by Standard & Poor's.

Where are the Cohen & Steers realty indexes quoted?

The indexes are quoted intraday on a real-time basis by the Chicago Mercantile Exchange.

What is the purpose of Cohen & Steers' GRM and IRP indexes?

The indexes can be used as indexing benchmarks, stock selection universes, underlying indexes for derivative instruments, or performance benchmarks.