NEW YORK, Oct. 3 /PRNewswire-FirstCall/ -- Cohen & Steers, Inc. announced today a pending change to its Realty Majors Portfolio Index (RMP) effective at the close of business on October 7, 2008.
Component change: Deletion and Replacement Index Name: Cohen & Steers Realty Majors Portfolio Index Index Symbol: RMP Calculation method: Modified Capitalization Weighted Index Deleted component symbol: GGP Deleted component name: General Growth Properties, Inc. Replacement component symbol: HCN Replacement component name: Health Care REIT, Inc.
The Realty Majors Portfolio Index is a modified 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 RMP. The index's modified capitalization-weighted approach and qualitative screening process emphasize companies that the Cohen & Steers Index Committee believes are leading the securitization of real estate in the United States.
RMP 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.
