Cohen & Steers Announces Changes to Realty Indexes

Rhea-AI Summary

Cohen & Steers, Inc. (NYSE: CNS) announced updates to its Global Realty Majors Portfolio Index (GRM) and International Realty Majors Portfolio Index (IRP), effective May 20, 2022. The GRM will add Big Yellow Group Plc (BYG.LN) and remove British Land Co. Plc (BLND.LN). Similarly, the IRP will add Grainger Trust Plc (GRI.LN) while also removing British Land Co. Plc. These modified market capitalization-weighted indexes focus on leading real estate equity securities and are utilized as benchmarks for performance and stock selection.

Positive

• Addition of Big Yellow Group Plc (BYG.LN) to the Global Realty Majors Portfolio Index enhances the diversity of the index.
• Inclusion of Grainger Trust Plc (GRI.LN) into the International Realty Majors Portfolio Index signals confidence in this company's performance.

Negative

• Removal of British Land Co. Plc (BLND.LN) from both indexes may indicate declining confidence in its market position.

NEW YORK, May 13, 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 May 20, 2022. 

Cohen & Steers Global Realty Majors Portfolio Index (GRM)
Added component (symbol)	Removed component (symbol)
Big Yellow Group Plc (BYG.LN)	British Land Co. Plc (BLND.LN)
Cohen & Steers International Realty Majors Portfolio Index (IRP)
Added component (symbol)	Removed component (symbol)
Grainger Trust Plc (GRI.LN)	British Land Co. Plc (BLND.LN)

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-301547154.html

SOURCE Cohen & Steers, Inc.

FAQ

What changes were announced for the Global Realty Majors Portfolio Index by CNS on May 13, 2022?

Cohen & Steers announced that Big Yellow Group Plc (BYG.LN) will be added and British Land Co. Plc (BLND.LN) will be removed from the GRM Index, effective May 20, 2022.

What are the updates to the International Realty Majors Portfolio Index by CNS as of May 20, 2022?

Cohen & Steers will add Grainger Trust Plc (GRI.LN) and remove British Land Co. Plc (BLND.LN) from the IRP Index, effective May 20, 2022.

How do the changes to the GRM and IRP Indexes affect investors?

These changes reflect adjustments in the composition of the indexes that could influence index performance and related investment strategies.

Why was British Land Co. Plc removed from both the GRM and IRP Indexes?

The removal of British Land Co. Plc from both indexes may reflect declining investor confidence or performance concerns.