Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For September 2020

Rhea-AI Summary

Cohen & Steers (NYSE:CNS) reported preliminary assets under management (AUM) of $70.5 billion as of September 30, 2020, reflecting a $1.6 billion decline from August 31, 2020. This drop was attributed to $24 million in net outflows, $1.2 billion in market depreciation, and $303 million in distributions. The firm specializes in liquid real assets and has a global presence with offices in major cities including New York and Tokyo.

Positive

• Strong global presence with offices in key financial markets.
• Focus on liquid real assets may attract specific investor interest.

Negative

• Decrease in AUM by $1.6 billion suggests potential investor concerns.
• Net outflows of $24 million and significant market depreciation of $1.2 billion could indicate market challenges.

NEW YORK, Oct. 8, 2020 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE:CNS) today reported preliminary assets under management of $70.5 billion as of September 30, 2020, a decrease of $1.6 billion from assets under management at August 31, 2020. The decrease was due to net outflows of $24 million, market depreciation of $1.2 billion and distributions of $303 million.

Assets Under Management
(unaudited)
($ in millions)	AUM	Net	Market Appreciation		AUM
By investment vehicle:	8/31/2020	Flows	(Depreciation)	Distributions	9/30/2020
Institutional Accounts:
Japan Subadvisory	$9,288	$93	($244)	($121)	$9,016
Subadvisory excluding Japan	5,341	57	(127)	-	5,271
Advisory	16,894	(502)	(299)	-	16,093
Total Institutional Accounts	31,523	(352)	(670)	(121)	30,380
Open-end Funds	31,654	328	(438)	(140)	31,404
Closed-end Funds	8,896	-	(135)	(42)	8,719
Total AUM	$72,073	($24)	($1,243)	($303)	$70,503

About Cohen & Steers
Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong and Tokyo.

View original content:http://www.prnewswire.com/news-releases/cohen--steers-announces-preliminary-assets-under-management-and-net-flows-for-september-2020-301149032.html

SOURCE Cohen & Steers, Inc.