Cohen & Steers Announces Changes to Realty Indexes

Index Changes - Cohen & Steers announced 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 August 16, 2024 [1] - Stockland Corporation Ltd (SGP AU) and KDX Realty Investment Corp (8972 JP) will be added to both GRM and IRP indexes [2] - Mirvac Group (MGR AU) and Orix JREIT Inc (8954 JP) will be removed from both GRM and IRP indexes [2] Index Characteristics - GRM and IRP are free-float adjusted, modified market capitalization-weighted total return indexes of selected real estate equity securities [2] - The indexes are quoted intraday on a real-time basis by the Chicago Mercantile Exchange [2] - The modified capitalization-weighted approach and qualitative screening process emphasize companies leading the securitization of real estate globally [2] Index Applications - The indexes can be used as indexing benchmarks, stock selection universes, underlying indexes for derivative instruments, or performance benchmarks [3] - All index weightings are independently calculated by Standard & Poor's [3] Company Overview - Cohen & Steers is a leading global investment manager specializing in real assets and alternative income [3] - The firm manages listed and private real estate, preferred securities, infrastructure, resource equities, commodities, and multi-strategy solutions [3] - Founded in 1986, the company is headquartered in New York City with offices in London, Dublin, Hong Kong, Tokyo, and Singapore [3]