Cohen & Steers Announces Changes to Realty Indexes

(Low)

(Neutral)

Rhea-AI Summary

Cohen & Steers (NYSE: CNS) announced changes to its Global Realty Majors Portfolio Index (GRM) and International Realty Majors Portfolio Index (IRP), effective February 18, 2022. Merlin Properties SOCIMI SA (MRL.SM) has been added to both indexes, while Fabege AB (FABG.SS) has been removed. These modified, market capitalization-weighted indexes focus on leading global real estate securities and are calculated by Standard & Poor's. They serve as benchmarks for stock selection and derivatives.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Positive

Inclusion of Merlin Properties SOCIMI SA in both GRM and IRP, potentially enhancing the index's attractiveness.

Negative

Removal of Fabege AB from both indexes may negatively affect its perceived market position.

News Market Reaction – CNS

-0.83%

-0.83% News Effect

On the day this news was published, CNS declined 0.83%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

02/11/2022 - 05:02 PM

NEW YORK, Feb. 11, 2022 /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 18, 2022.

Cohen & Steers Global Realty Majors Portfolio Index (GRM)
Added component (symbol)	Removed component (symbol)
Merlin Properties SOCIMI SA (MRL.SM)	Fabege AB (FABG.SS)



Cohen & Steers International Realty Majors Portfolio Index (IRP)
Added component (symbol)	Removed component (symbol)
Merlin Properties SOCIMI SA (MRL.SM)	Fabege AB (FABG.SS)

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 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 and Tokyo.

View original content:https://www.prnewswire.com/news-releases/cohen--steers-announces-changes-to-realty-indexes-301481018.html

SOURCE Cohen & Steers, Inc.

FAQ

What changes have been announced for the Cohen & Steers Global Realty Majors Portfolio Index (CNS)?

Merlin Properties SOCIMI SA has been added, while Fabege AB has been removed, effective February 18, 2022.

How do the changes in the Cohen & Steers International Realty Majors Portfolio Index affect investors?

The addition of Merlin Properties SOCIMI SA could enhance the index's appeal, while the removal of Fabege AB may impact its stock.

What is the significance of the adjustments made to the GRM and IRP indexes?

These changes reflect a strategic focus on leading real estate securities, aiding in stock selection and derivative instruments.

When will the changes to the CNS indexes take effect?

The changes will be effective as of the close of business on February 18, 2022.