Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For April 2023

Rhea-AI Summary

Cohen & Steers reports preliminary assets under management of $80.9 billion as of April 30, 2023, an increase of $1.0 billion from March 31, 2023.

Positive

• Cohen & Steers' assets under management increased by $1.0 billion, driven by market appreciation of $1.3 billion.

Negative

• Net outflows of $86 million and distributions of $185 million partially offset the increase in assets under management.

NEW YORK, May 8, 2023 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $80.9 billion as of April 30, 2023, an increase of $1.0 billion from assets under management at March 31, 2023. The increase was due to market appreciation of $1.3 billion, partially offset by net outflows of $86 million and distributions of $185 million.

Assets Under Management
(unaudited)
($ in millions)	AUM	Net	Market					AUM
By investment vehicle:	3/31/2023	Flows	Appreciation			Distributions		4/30/2023
Institutional Accounts:
Advisory	$18,490	($36)	$408	$ -				$18,862
Japan Subadvisory	8,713	64	159	(88)				8,848
Subadvisory excluding Japan	5,401	17	115	-				5,533
Total Institutional Accounts	32,604	45	682	(88)				33,243
Open-end Funds	36,427	(132)	492	(46)				36,741
Closed-end Funds	10,874	1	135	(51)				10,959
Total AUM	$79,905	($86)	$1,309		($185)			$80,943

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including 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-april-2023-301818669.html

SOURCE Cohen & Steers, Inc.

FAQ

What is Cohen & Steers' current assets under management?

Cohen & Steers reported assets under management of $80.9 billion as of April 30, 2023.

What contributed to the increase in assets under management?

The increase in assets under management was primarily driven by market appreciation of $1.3 billion.

Were there any factors that offset the increase in assets under management?

Yes, net outflows of $86 million and distributions of $185 million partially offset the increase in assets under management.

What was the previous assets under management?

The previous assets under management were not provided in the PR.