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New Exchange-Traded Fund Will Track REITs

The American Stock Exchange has announced that it will begin trading the Cohen & Steers Realty Majors Index Fund, a new exchange-traded fund offered through Barclays Global Investors of San Francisco.

The new fund, listed under the ticker symbol ICF, tracks the real estate investment trust (REIT) sector, according to AMEX. The fund invests all of its assets in REITs. The new fund was developed out of both institutional and retail demand for such a product, according to AMEX.