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

Rhea-AI Summary

Cohen & Steers (NYSE: CNS) reported preliminary assets under management (AUM) of $88.1 billion as of August 31, 2024, a $3.5 billion increase from July 31, 2024. This growth was primarily driven by market appreciation of $3.7 billion and net inflows of $8 million, partially offset by distributions of $152 million.

The AUM breakdown shows: Institutional Accounts at $35.4 billion, Open-end Funds at $41.0 billion, and Closed-end Funds at $11.7 billion. Notably, Japan Subadvisory accounts experienced the highest net inflows of $25 million, while Subadvisory excluding Japan saw the largest net outflows of $45 million.

Positive

• Total AUM increased by $3.5 billion to $88.1 billion
• Market appreciation of $3.7 billion
• Net inflows of $8 million
• Japan Subadvisory accounts saw net inflows of $25 million

Negative

• Distributions of $152 million reduced overall AUM growth
• Subadvisory excluding Japan experienced net outflows of $45 million

NEW YORK, Sept. 10, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $88.1 billion as of August 31, 2024, an increase of $3.5 billion from assets under management of $84.6 billion at July 31, 2024. The increase was due to market appreciation of $3.7 billion and net inflows of $8 million, partially offset by distributions of $152 million.

Assets Under Management (unaudited)
($ in millions)	AUM	Net	Market		AUM
By investment vehicle:	7/31/2024	Flows	Appreciation	Distributions	8/31/2024
Institutional Accounts:
Advisory	$19,292	($7)	$918	-	$20,203
Japan Subadvisory	8,656	25	506	(58)	9,129
Subadvisory excluding Japan	5,816	(45)	325	-	6,096
Total Institutional Accounts	33,764	(27)	1,749	(58)	35,428
Open-end Funds	39,420	34	1,573	(43)	40,984
Closed-end Funds	11,391	1	347	(51)	11,688
Total AUM	$84,575	$8	$3,669	($152)	$88,100

 

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.

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SOURCE Cohen & Steers, Inc.

FAQ

What was Cohen & Steers' (CNS) total assets under management as of August 31, 2024?

Cohen & Steers' (CNS) total assets under management as of August 31, 2024, were $88.1 billion.

How much did Cohen & Steers' (CNS) assets under management increase from July 31 to August 31, 2024?

Cohen & Steers' (CNS) assets under management increased by $3.5 billion from July 31 to August 31, 2024.

What was the main driver of Cohen & Steers' (CNS) AUM growth in August 2024?

The main driver of Cohen & Steers' (CNS) AUM growth in August 2024 was market appreciation of $3.7 billion.

How much were the net inflows for Cohen & Steers (CNS) in August 2024?

Cohen & Steers (CNS) reported net inflows of $8 million in August 2024.