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

Rhea-AI Summary

Cohen & Steers, Inc. (NYSE: CNS) reported preliminary assets under management of $77.2 billion as of April 30, 2024, showing a decrease of $4.1 billion from the previous month. The decrease was primarily due to market depreciation, net outflows, and distributions. The total AUM for the company stood at $77.2 billion.

Positive

• None.

Negative

• The company experienced a decrease in assets under management by $4.1 billion, mainly attributed to market depreciation, net outflows, and distributions. This decline may raise concerns among investors about the company's financial performance and stability in the market.

Insights

Financial Analyst

Cohen & Steers, Inc.'s report of a decrease in assets under management (AUM) reflects market trends and investor behavior during the month. A $4.1 billion dip in AUM is significant, particularly as it is driven by both market depreciation and net outflows. Market depreciation suggests a broader downtrend in the asset values they manage, which could be symptomatic of market volatility or sector-specific downturns. Net outflows, while relatively modest, might indicate investor caution or dissatisfaction with performance. The distribution of funds further reduced AUM, though this is a normal part of fund operations. Investors should monitor if these trends persist, as they could influence the fund's management fee revenues, which are directly tied to the size of AUM.

Market Research Analyst

The spread of AUM changes across different investment vehicles offers insights into where the market pressures are most acute. Institutional accounts faced the steepest decline, possibly suggesting a retreat by large investors amidst uncertain market conditions. Open-end and closed-end funds also saw declines, but the presence of slight net inflows into open-end funds signals some investor segments remain active. It's important to track these patterns as they may indicate shifts in investor preferences and risk tolerance, which can affect future fund flows and performance.

NEW YORK, May 8, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $77.2 billion as of April 30, 2024, a decrease of $4.1 billion from assets under management of $81.2 billion at March 31, 2024. The decrease was due to market depreciation of $3.9 billion, net outflows of $74 million and distributions of $151 million.

Assets Under Management (unaudited)
($ in millions)	AUM	Net	Market		AUM
By investment vehicle:	3/31/2024	Flows	Depreciation	Distributions	4/30/2024
Institutional Accounts:
Advisory	$18,196	($17)	($802)	-	$17,377
Japan Subadvisory	8,535	(58)	(531)	(56)	7,890
Subadvisory excluding Japan	5,693	(9)	(306)	-	5,378
Total Institutional Accounts	32,424	(84)	(1,639)	(56)	30,645
Open-end Funds	37,685	9	(1,881)	(44)	35,769
Closed-end Funds	11,126	1	(330)	(51)	10,746
Total AUM	$81,235	($74)	($3,850)	($151)	$77,160

 

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-april-2024-302140482.html

SOURCE Cohen & Steers, Inc.

FAQ

<p>What were the preliminary assets under management reported by Cohen & Steers for April 2024?</p>

Cohen & Steers reported preliminary assets under management of $77.2 billion for April 2024.

<p>What were the main reasons for the decrease in assets under management for Cohen & Steers in April 2024?</p>

The decrease in assets under management was primarily due to market depreciation, net outflows, and distributions.

<p>What was the total AUM for Cohen & Steers at the end of April 2024?</p>

The total assets under management for Cohen & Steers at the end of April 2024 were $77.2 billion.