NEW YORK, Nov. 4, 2011 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today a pending change to its Realty Majors Portfolio Index (RMP) effective at the close of business on November 18, 2011.
Component change: | Deletion and Replacement | |
Index Name: | Cohen & Steers Realty Majors Portfolio Index | |
Index Symbol: | RMP | |
Calculation method: | Free-Float Adjusted Modified Market Capitalization Weighted Index | |
Deleted component symbol: | AIV | |
Deleted component name: | Apartment Investment & Management Co. | |
Replacement component symbol: | ACC | |
Replacement component name: | American Campus Communities Inc. | |
The Realty Majors Portfolio Index 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 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.
SOURCE Cohen & Steers, Inc.
