Cohen & Steers Global Realty Majors ETF Passes $100 Million in Assets
DENVER--(BUSINESS WIRE)-- The Cohen & Steers Global Realty Majors Exchange Trade Fund (ETF), an ALPS Advisors Solution (Symbol: GRI) passed $100 million in assets. The ETF, which was launched in May 2008, tracks the Cohen & Steers Global Realty Majors Index - an index of the top 75 publicly traded real estate companies in the world.
The Cohen & Steers Global Realty Majors Index leverages the in-depth proprietary research of Cohen & Steers, a leader in listed real estate investing for over 25 years. The philosophy and methodology behind the index is based on Cohen & Steers belief that the leading real estate companies possess material competitive advantages over smaller market participants.
While there are exceptions, we believe these companies are generally best positioned to create value for shareholders over the long run due to their dominant market positions, giving them greater leverage when negotiating leases with tenants. Leaders also tend to own better properties in desirable locations with stable tenants, which may result in more-consistent cash ﬂows. Given their size, asset quality and generally strong balance sheets, the leaders often enjoy a lower cost of capital, giving them greater ﬂexibility to take advantage of acquisition opportunities.
The smart index methodology is as follows:
Companies must meet minimum size and liquidity requirements, and are selected based on qualitative factors such as market position, management team, financial health and the quality of their property portfolio.
The index attempts to maintain geographic representation proportional to the broader global real estate securities market, while limiting individual allocations to 4% of the total net asset value.
The index consists of a free-ﬂoat adjusted, modiﬁed market capitalization weighted portfolio of 75 securities, calculated on a real-time basis by Standard & Poor's and established with a base value of 100 at December 15, 2006.
Additional Fund information can be found at www.alpsetfs.com/gri-index.php.
About Cohen & Steers
Founded in 1986, Cohen & Steers is a leading global investment manager with a long history of innovation and a focus on real assets, including real estate, infrastructure and commodities. Headquartered in New York City, with offices in London, Hong Kong, Tokyo and Seattle, Cohen & Steers serves institutional and individual investors around the world. For more information, please visit cohenandsteers.com.
A wholly owned subsidiary of DST Systems, Inc. headquartered in Denver with offices in Boston, New York, Seattle, and Toronto, ALPS is a 28-year-old financial services firm focused on asset servicing and asset gathering. With more than 400 employees, over 200 clients, and an executive team that has been in place for over 18 years, ALPS continues to actively promote all of its various business segments, from asset servicing through ALPS Fund Services, Inc. to asset gathering through ALPS Portfolio Solutions Distributor, Inc. and ALPS Advisors, Inc. For more information about ALPS and the services available, visit www.alpsinc.com, and for additional information about ALPS products, visit www.alpsfunds.com.
An investment in the Fund is subject to investment risk, including the possible loss of principal. Ownership of real estate is subject to fluctuations in the value of underlying properties, the impact of economic conditions on real estate values, the strength of specific industries renting properties and defaults by borrowers or tenants. Real estate is a cyclical business, highly sensitive to general and local economic conditions and developments, and characterized by intense competition and periodic overbuilding. Credit and interest rate risk may affect real estate companies' ability to borrow or lend money.
Shares are not individually redeemable. Investors buy and sell shares of the Global Realty Major ETF Shares on a secondary market. Only market makers or "authorized participants" may trade directly with the Fund, typically in blocks of 50,000 shares.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, please call 866.513.5856 or visitwww.alpsetfs.com. Please read the prospectus carefully before investing.
Not FDIC insured • May lose value • No bank guarantee
ALPS Portfolio Solutions Distributor, Inc., distributor for the Cohen & Steers Global Realty Majors ETF.
*Registered Representative of ALPS Distributors, Inc.
**Registered Representative of ALPS Portfolio Solutions Distributor, Inc.
GRI000214 exp. 5/11/2014
KEYWORDS: United States North America Colorado New York
The article Cohen & Steers Global Realty Majors ETF Passes $100 Million in Assets originally appeared on Fool.com.
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