Cohen & Steers Realty Shares Wins Lipper Performance Achievement Certificate
May 05 2008 - 12:02PM
PR Newswire (US)
NEW YORK, May 5 /PRNewswire-FirstCall/ -- Cohen & Steers Realty
Shares (NASDAQ:CSRSX) has received a 2007 Lipper Performance
Achievement Certificate. The fund ranks number one in the Lipper
Equity Fund Performance Analysis Service for the 15-year period
ended December 31, 2007 in the Real Estate Fund category. "As
managers of one of the first real estate mutual funds, we are
pleased that Lipper has acknowledged the fund's top performance
over an extended period," said Martin Cohen, co-chairman and
co-chief executive of Cohen & Steers. "We believe this
industry-leading performance has been achieved by staying true to
our basic investment disciplines." Jon Cheigh, a co-portfolio
manager of the fund, added that "Our strategy focuses on capital
appreciation and current income. We use a proprietary valuation
methodology to select stocks with the potential to achieve
attractive total return." This is the fourth consecutive year that
Lipper has recognized one of Cohen & Steers' funds. Cohen &
Steers Realty Shares Total Returns Average annual returns as of
3/31/08 Cohen & Steers NAREIT Equity Period Realty Shares REIT
Index S&P 500 Index 1 Year -18.77% -17.37% -5.08% 5 Years
20.00% 18.33% 11.32% 10 Years 11.38% 10.69% 3.51% 15 Years 12.38%
11.66% 9.46% Since inception (7/2/91) 14.05% 13.29% 9.99%
Performance data quoted represent past performance, which is no
guarantee of future results. The investment return and principal
value of an investment will fluctuate so that shares, when
redeemed, may be worth more or less than their original cost.
Current performance may be lower or higher than the performance
data quoted. Total returns for the fund, current to the most recent
month-end, can be obtained by visiting
http://www.cohenandsteers.com/. The performance data quoted include
change in net asset value and reinvestment of dividends and capital
gains. The fund seeks maximum total return through both current
income and capital appreciation by investing in real estate
securities, primarily real estate investment trusts, which are
commonly referred to as REITs. Additional information about the
fund, or any of the company's open or closed-end funds, can be
found at the company's Web site, http://www.cohenandsteers.com/.
The NAREIT Equity Index is an unmanaged, market capitalization
weighted index of all publicly traded Equity REITs that have 75% or
more of their gross invested book assets invested directly or
indirectly in the equity ownership of real estate. The S&P 500
is an unmanaged index of 500 large capitalization companies
representing a variety of industries. About Cohen & Steers
Cohen & Steers Capital Management, Inc. is a manager of
income-oriented equity portfolios specializing in U.S. and
international real estate securities, large cap value stocks,
utilities and listed infrastructure securities, and preferred
securities. The company also offers alternative investment
strategies, such as long-short real estate securities portfolios
and private real estate fund of funds product strategies.
Headquartered in New York City, with offices in Brussels, Hong
Kong, London and Seattle, Cohen & Steers serves individual and
institutional investors through open-end mutual funds, closed-end
funds, sub-advised portfolios and institutional separate accounts.
Cohen & Steers Capital Advisors, LLC, a subsidiary, provides
investment banking services. Please consider the fund's investment
objective, risks, charges and expenses carefully before investing.
This and other information may be obtained by calling 800-330-7348
or visiting cohenandsteers.com and requesting a prospectus. Please
read the prospectus carefully before investing. Cohen & Steers
Realty Shares, Inc. Lipper, an expert in fund research and
evaluation, rates funds against their peers according to
performance measures. Lipper's Performance Achievement Certificates
are awarded to funds with returns that rank first in their Lipper
category over one or more time periods: one, five, 10 or 15 years
(depending on universe). Certificates are awarded for all Lipper
Classifications and for the overall fund universe. Open-end funds,
closed end funds and variable underlying products are considered
for awards. Awards are based upon cumulative total return. For
periods ended December 31, 2007, Lipper ranked the fund as follows
within the Real Estate Funds category: 263 out of 309 funds for the
one-year period; 31 out of 158 funds for the five year period; 19
out of 64 funds for the ten-year period; and 1 out of 6 funds for
the fifteen-year period. Investors are cautioned that some peer
groups are inherently more volatile than others, and even top rated
Lipper funds in the most volatile groups may not be well suited to
shorter-term goals or less risk-tolerant investors. Because the
fund concentrates its investments in real estate securities, there
are special risks associated with investing in the fund. These
include falling property values due to increasing vacancies or
declining rents resulting from economic, legal, or technological
developments. As a non-diversified fund, the fund may be subject to
greater risk of loss than a more diversified portfolio. The fund's
expense ratio is currently 0.95%. DATASOURCE: Cohen & Steers
Realty Shares CONTACT: Cohen & Steers, +1-212-832-3232 Web
site: http://www.cohenandsteers.com/
Copyright