FTSE Launches Euro REIT, Non-REIT Indices

FTSE Group has announced the launch of two European indices focused on real estate investment trusts and non-REITs.The FTSE EPRA/NAREIT Europe REITs and Non-REITs indices, a subset of the company's EPRA/NAREIT Global REITs and Non-REITs Index Series, are suitable for the creation of financial products such as index funds, warrants, certificates, and exchange-traded funds, FTSE said. The global series enables investors to differentiate REIT from non-REIT constituents according to country-specific legislation, the company said. At launch, the European REITs index included 36 companies from six countries: Belgium, France, Germany, Greece, Netherlands, and the United Kingdom. (EPRA stands for the European Public Real Estate Association, and NAREIT stands for the National Association of Real Estate Investment Trusts.) FTSE can be found online at http://www.ftse.com.