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

Rhea-AI Summary

Cohen & Steers (NYSE: CNS) reported preliminary assets under management (AUM) of $91.8 billion as of September 30, 2024, marking a $3.7 billion increase from August 31, 2024. This growth was primarily driven by market appreciation of $2.6 billion and net inflows of $1.3 billion, partially offset by distributions of $286 million.

The AUM breakdown shows significant growth across all investment vehicles:

• Institutional Accounts: Increased from $35.4 billion to $36.9 billion
• Open-end Funds: Rose from $41.0 billion to $43.0 billion
• Closed-end Funds: Grew from $11.7 billion to $11.9 billion

The largest net inflows were observed in Open-end Funds at $983 million, followed by Institutional Accounts at $337 million.

Positive

• Assets under management increased by $3.7 billion to $91.8 billion
• Market appreciation contributed $2.6 billion to AUM growth
• Net inflows of $1.3 billion across all investment vehicles
• Open-end Funds saw the largest net inflows of $983 million
• All investment vehicle categories experienced growth in AUM

Negative

• Distributions of $286 million partially offset AUM growth

News Market Reaction

+1.94%

1 alert

+1.94% News Effect

On the day this news was published, CNS gained 1.94%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Oct. 8, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $91.8 billion as of September 30, 2024, an increase of $3.7 billion from assets under management of $88.1 billion at August 31, 2024. The increase was due to market appreciation of $2.6 billion and net inflows of $1.3 billion, partially offset by distributions of $286 million.

Assets Under Management (unaudited)
($ in millions)	AUM	Net	Market		AUM
By investment vehicle:	8/31/2024	Flows	Appreciation	Distributions	9/30/2024
Institutional Accounts:
Advisory	$20,203	$82	$697	-	$20,982
Japan Subadvisory	9,129	20	275	(59)	9,365
Subadvisory excluding Japan	6,096	235	214	-	6,545
Total Institutional Accounts	35,428	337	1,186	(59)	36,892
Open-end Funds	40,984	983	1,188	(176)	42,979
Closed-end Funds	11,688	1	271	(51)	11,909
Total AUM	$88,100	$1,321	$2,645	($286)	$91,780

 

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-september-2024-302270649.html

SOURCE Cohen & Steers, Inc.

FAQ

What was Cohen & Steers' (CNS) total assets under management as of September 30, 2024?

Cohen & Steers reported preliminary assets under management of $91.8 billion as of September 30, 2024.

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

Cohen & Steers' assets under management increased by $3.7 billion from August 31, 2024 to September 30, 2024.

What were the main factors contributing to Cohen & Steers' (CNS) AUM growth in September 2024?

The main factors contributing to AUM growth were market appreciation of $2.6 billion and net inflows of $1.3 billion, partially offset by distributions of $286 million.

Which investment vehicle saw the highest net inflows for Cohen & Steers (CNS) in September 2024?

Open-end Funds saw the highest net inflows of $983 million for Cohen & Steers in September 2024.