FTSE Group Assumes Calculation of EPRA/NAREIT Real Estate Indices.LONDON -- FTSE Group (FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. ), the global index provider, today takes over calculation of a specialist real estate index series for institutional investors, the EPRA/NAREIT Global Real Estate Indices, which will be renamed the FTSE EPRA/NAREIT Global Real Estate Index Series. Designed to track the performance of listed real estate companies and REITs worldwide, the series acts as a performance measure of the overall market and is also suitable for use as the basis for investment products, such as derivatives and Exchange Traded Funds Exchange Traded Funds (ETF) Also known as ETF. A basket of stocks similar to an index mutual fund. However, there are a number of important differences between ETFs and mutual funds. (ETFs). The European Public Real Estate Association (EPRA EPRA European Public Real Estate Association EPRA European Platform of Regulatory Authorities (radio & television) EPRA European Parliament Representation Act EPRA Estonian Public Relations Association ) is a common interest group, which aims to promote, develop and represent the European public real estate sector. The National Association of Real Estate Investment Trusts(R) (NAREIT NAREIT National Association of Real Estate Investment Trusts ) is the representative voice for U.S. REITs and publicly traded real estate companies worldwide. The FTSE EPRA NAREIT Global Real Estate Index Series is broken down into three index families, covering Asia Pacific, Europe and North America. It contains a total of 37 indices, including twelve real-time indices covering the world's largest investment markets. With over $385 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. in real estate portfolios globally, the demand for indices covering this alternative asset class is growing rapidly. The FTSE EPRA/NAREIT index series is already used as the basis of a successful ETF ETF See Exchange Traded Fund. ETF See exchange-traded fund (ETF). by AXA AXA Anguilla, Anguilla (Airport Code) AXA Alpha Chi Alpha AXA Animal Crossing Ahead (online forum community/guide to the game Animal Crossing) AXA Auxiliary Artery (easyETF EPRA Eurozone Eurozone Noun same as Euroland Eurozone n → eurozona, zona euro Eurozone n → zona euro ) with more index-linked investment products in the pipeline. Mark Makepeace, Chief Executive FTSE Group said, "Working with EPRA and NAREIT on this index series gives FTSE another opportunity to demonstrate its cutting edge index design and calculation capabilities. We are pleased to be involved and to add another asset class to our index suite." Nick van Ommen, Chief Executive, EPRA, comments, "The transition of the indices onto the FTSE global platform adds a further degree of professionalism to the global real estate sector. The index series has grown significantly in stature since the launch in 2000 and is commonly viewed as the benchmark of choice for the industry." "REITs and publicly traded real estate companies increasingly are delivering diversification, dividends, liquidity, performance and transparency to investors worldwide," according to NAREIT President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Steven A. Wechsler. "The global index, now calculated by FTSE, is an important tool designed to help today's investors - and those of tomorrow - more easily track the industry's impressive returns and phenomenal growth." More information about the new index series is available at www.ftse.com/realestate.
FTSE Group
Nichola Gardner/Jo Mayall
New York: Lynne Sims
+1 212 641 6168, lynne.sims@ftse.com
Tokyo: Maki Tsujimori
+81 3 3581 2796, maki.tsujimori@ftse.com
Hong Kong: Carol Chung
+852 2230 5801, carol.chung@ftse.com
Madrid: Raquel Robleda, Llorente y Cuenca
+34 91 563 77 22
Frankfurt: Anja Halsch, ECC Kohtes Klewes
+49 69 242 86 121
Paris: Anne Nguyen/Anne-Laure Bellon, Ogilvy PR
+33 1 53 67 12 80 /12 52
EPRA
Fraser Hughes/Jorrit Arissen, Tel +31 20 4053830
email f.Hughes@epra.com / j.arisen@epra.com
NAREIT
Jay Hyde, (202) 739-9425 or jhyde@nareit.com
Notes to Editors About FTSE EPRA/NAREIT Index Series Designed to act as a guide to the performance of real estate investments worldwide, this index series covers the world's main markets though a series of thirty-seven indices, twelve of which are calculated and distributed in real-time. The indices carry FTSE's hallmark design and calculation features and are suitable for use as the basis of derivatives and Exchange Traded Funds. For more information please see www.ftse.com/realestate. About FTSE Group FTSE Group is a world-leader in the creation and management of indexes. With offices in Beijing, London, Frankfurt, Hong Kong, Madrid, Paris, New York This article is about the New York town. For other uses, see Paris (disambiguation). Paris is a town in Oneida County, New York, USA. The population was 4,609 at the 2000 census. The town was named after an early benefactor, Colonel Isaac Paris. , San Francisco, and Tokyo, FTSE Group services clients in 77 countries worldwide. It calculates and manages the FTSE Global Equity Index series, which includes world-recognised indexes ranging from the FTSE All-World Index, the FTSE4Good series and the FTSEurofirst Index series, as well as domestic indexes such as the prestigious FTSE 100. The company has collaborative arrangements with the Athens, AMEX AMEX See: American Stock Exchange , Cyprus, Euronext, Johannesburg London, Madrid, NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on and Taiwan exchanges, as well as Nomura Securities, Hang Seng Hang Seng An index of the leading stocks on the Hong Kong stock market. Notes: The Hang Seng Index (HSI) comprises different stocks that are representative of the whole Hong Kong market. See also: DAX, Index, Nikkei, S&P 500 and Xinhua Finance of China, FTSE recently signed an agreement with Dow Jones Indexes to develop a single sector classification system for global investors. FTSE indexes are used extensively by investors world-wide for investment analysis, performance measurement, asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. , portfolio hedging and for creating a wide range of index tracking funds. Independent committees of senior fund managers, derivatives experts, actuaries and other experienced practitioners review all changes to the indexes to ensure that they are made objectively and without bias. Real-time FTSE indexes are calculated on systems managed by Reuters. Prices and FX rates used are supplied by Reuters. About EPRA The European Public Real Estate Association (EPRA) is a common interest group, established as a not-for-profit body under Dutch law in October 1999. EPRA has its offices in the World Trade Center located at Schiphol Airport, Amsterdam. EPRA's members include the majority of the leading real estate companies and investment institutions in Europe. The active participation of the members' senior executives, ensures EPRA is a genuinely representative forum and policy-making pol·i·cy·mak·ing or pol·i·cy-mak·ing n. High-level development of policy, especially official government policy. adj. Of, relating to, or involving the making of high-level policy: body. The quality of membership is crucial to fulfilling the Association's mission. For more information please see http://www.epra.com. About NAREIT The National Association of Real Estate Investment Trusts(R) (NAREIT) is the representative voice for U.S. REITs and publicly traded real estate companies worldwide. Members are real estate investment trusts (REITs) and other businesses that own, operate and finance income-producing real estate, as well as those firms and individuals, who advise, study and service those businesses. Visit our Web sites at www.nareit.com and www.investinreits.com. |
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