ALPS, Cohen & Steers Launch Global RE ETF

ALPS Holdings Inc., Denver, and Cohen & Steers, New York, have announced the launch of a global real estate exchange-traded fund. The fund, Cohen & Steers Global Realty Majors ETF, is advised by ALPS Advisers Inc. It will seek investment results that correspond to the performance of the Cohen & Steers Global Realty Majors Index, which comprises securities of companies that have been evaluated on management strength and track record, market position, the composition and quality of their real estate portfolios, and other factors, the companies said. The fund targets "75 industry-leading real estate companies from an initial universe of 500 that are located in developed markets across North America, Asia Pacific, and Europe," they said. The companies can be found on the Web at http://www.alpsetfs.com and http://www.cohenandsteers.com.