GSW Immobilien has joined the GPR 250 Global Index following the latest quarterly rebalancing effective 18 June 2012. The German residential property company is the only new European constituent to be added to the index. London-based Songbird Estates has been dropped from the index along with two Japanese companies and one from South Africa.
GSW Immobilien has joined the GPR 250 Global Index following the latest quarterly rebalancing effective 18 June 2012. The German residential property company is the only new European constituent to be added to the index. London-based Songbird Estates has been dropped from the index along with two Japanese companies and one from South Africa.
The GPR 250 Index is a free float weighted index that tracks the performance of the 250 leading and most liquid property companies worldwide. Companies are selected on US dollar trade volume of the share in the past 12 months. Only companies with a free float market capitalization above US$ 50 mln (EUR 39.8 mln) and a free float percentage of at least 15% are eligible for inclusion.
According to GPR research, the cumulative weight of European property stocks in the global listed property sector - as represented in the GPR 250 Index – slipped further to 12% in the first half of 2012 after plunging to 14% at end-December 2011. In the past four and a half years, the weighting of European stocks in the global index has almost halved from 21% in January 2008.
