Standard & Poor's is adding Apartment Investment & Management Co. to the S&P 500 Index.AIMCO, a Denver-based multifamily real estate investment trust, will be added to the REIT component of the S&P 500 following the close of trading on March 13, S&P said. AIMCO, the third-largest multifamily REIT by market capitalization, is replacing AMR Corp., an airline company that is the parent of American Airlines, on the index. AMR is being removed because of low market capitalization and its share price, S&P said. The S&P 500 is widely used as a benchmark for assessing relative performance by the money management industry.
Processing Content
