NEW YORK, March 13 /PRNewswire-FirstCall/ -- Cohen & Steers, Inc. announced today a pending change to its Global Realty Majors Portfolio Index (GRM) effective at the close of business on March 20, 2009.
Component change: Deletion and Replacement Index Name: Cohen & Steers Global Realty Majors Portfolio Index Index Symbol: GRM Calculation method: Modified Capitalization Weighted Index Deleted component symbol: GMG AU Deleted component name: Goodman Group Replacement component symbol: 688 HK Replacement component name: China Overseas Land & Investment Ltd.
The Global Realty Majors Portfolio Index is a free-float, 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.
