NEW YORK, Feb. 9, 2018 /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 February 16, 2018.
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: HCP
Deleted component name: HCP, Inc.
Replacement component symbol: AMH
Replacement component name: American Homes 4 Rent
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.
About Cohen & Steers. Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Hong Kong, Tokyo and Seattle.
SOURCE Cohen & Steers