Standard & Poor’s (S&P) and the Australian Securities Exchange (ASX) today announced the renaming of two S&P/ASX Property Trust indices. The changes follow consultation with a wide variety of key index stakeholders, and favourable feedback on the recommendations contained in the consultation paper released on August 23, 2007.
The changes are:- Renaming the S&P/ASX 200 Property Trusts index as the S&P/ASX 200 A-REIT index.
- Renaming the S&P/ASX 200 Financial-x-Property Trusts index as the S&P/ASX 200 Financial-x-A-REIT index.
The renaming of the indices aligns with the broader changes being made by the ASX and the Property Council of Australia (PCA) to re-brand Australian Listed Property Trusts (LPTs) as Australian Real Estate Investment Trusts (A-REITs), in line with global practice.
The changes will take effect from March 5, 2008.
