Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For June 2024

Rhea-AI Summary

Cohen & Steers (NYSE: CNS) reported preliminary assets under management (AUM) of $80.7 billion as of June 30, 2024, marking an increase of $221 million from May 31, 2024. This growth includes market appreciation of $771 million, countered by distributions of $372 million and net outflows of $178 million. By investment vehicle, institutional advisory accounts saw a minor increase to $18.4 billion, while Japan subadvisory grew to $8.3 billion. However, subadvisory excluding Japan decreased to $5.5 billion. Open-end funds experienced inflows, reaching $37.5 billion, and closed-end funds slightly declined to $11.0 billion.

Positive

• Assets under management increased by $221 million, reaching $80.7 billion.
• Market appreciation contributed $771 million to the total AUM.

Negative

• Net outflows amounted to $178 million.
• Distributions led to a $372 million decrease in AUM.
• Subadvisory excluding Japan saw a reduction of $101 million.

Insights

Financial Analyst

The latest data from Cohen & Steers reveals an increase in assets under management (AUM) to $80.7 billion by June 30, 2024, up from $80.5 billion in the prior month. This growth is primarily fueled by market appreciation of $771 million. However, these gains were partially offset by net outflows of $178 million and distributions amounting to $372 million. This suggests a mixed sentiment among investors, where positive market performance is encouraging but is tempered by outflows.

For retail investors, understanding the nature of these net outflows is crucial. The net outflows, particularly in institutional subadvisory accounts excluding Japan, reflect a decrease in investor confidence or shifting investment strategies. The implications may vary, but persistent net outflows could indicate underlying issues or changing market dynamics. Additionally, while the overall AUM has increased, the growth rate is modest, indicating a potential need for strategic adjustments to fuel more robust growth.

Market Research Analyst

The assessment of Cohen & Steers’ AUM reveals key insights into market trends and investor behavior. The increase in AUM due to market appreciation aligns with the broader market performance trends, signaling overall positive sentiment in the investment landscape. However, the net outflows of $178 million raise questions about investor retention and strategy effectiveness.

Closed-end funds experienced minimal changes with a slight decrease, while open-end funds showed a small net outflow offset by higher market appreciation. For retail investors, the consistency in closed-end fund performance can be seen as a stable investment option, whereas the variability in open-end funds may suggest higher risks but also potentially higher rewards.

NEW YORK, July 9, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $80.7 billion as of June 30, 2024, an increase of $221 million from assets under management of $80.5 billion at May 31, 2024. The increase was due to market appreciation of $771 million, partially offset by distributions of $372 million and net outflows of $178 million. 

Assets Under Management
(unaudited)
($ in millions)	AUM	Net	Market		AUM
By investment vehicle:	5/31/2024	Flows	Appreciation	Distributions	6/30/2024
Institutional Accounts:
Advisory	$18,261	$29	$77	-	$18,367
Japan Subadvisory	8,214	(43)	198	(60)	8,309
Subadvisory excluding Japan	5,647	(118)	17	-	5,546
Total Institutional Accounts	32,122	(132)	292	(60)	32,222
Open-end Funds	37,284	(46)	474	(261)	37,451
Closed-end Funds	11,082	-	5	(51)	11,036
Total AUM	$80,488	($178)	$771	($372)	$80,709

 

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore.

View original content:https://www.prnewswire.com/news-releases/cohen--steers-announces-preliminary-assets-under-management-and-net-flows-for-june-2024-302192565.html

SOURCE Cohen & Steers, Inc.

FAQ

What is the preliminary assets under management of Cohen & Steers as of June 30, 2024?

Cohen & Steers reported preliminary assets under management of $80.7 billion as of June 30, 2024.

How much did Cohen & Steers' assets under management increase from May 31, 2024, to June 30, 2024?

Cohen & Steers' assets under management increased by $221 million from May 31, 2024, to June 30, 2024.

What factors contributed to the change in Cohen & Steers' assets under management in June 2024?

The change was due to market appreciation of $771 million, distributions of $372 million, and net outflows of $178 million.

What was the amount of market appreciation for Cohen & Steers in June 2024?

The market appreciation for Cohen & Steers in June 2024 was $771 million.

What were the net inflows or outflows for Cohen & Steers in June 2024?

Cohen & Steers reported net outflows of $178 million in June 2024.