Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For February 2021

Rhea-AI Summary

Cohen & Steers, Inc. (NYSE: CNS) announced preliminary assets under management of $83.1 billion as of February 28, 2021, reflecting an increase of $1.9 billion since January 31, 2021. This growth resulted from $229 million in net inflows and $1.9 billion in market appreciation, slightly countered by $202 million in distributions. The company manages various investment vehicles, specializing in liquid real assets and income solutions, and operates globally with multiple offices.

Positive

• Preliminary assets under management increased by $1.9 billion from January 31 to February 28, 2021.
• Net inflows amounted to $229 million, indicating strong investor interest.
• Market appreciation contributed $1.9 billion to the assets under management, showcasing favorable market conditions.

Negative

• Distributions of $202 million partially offset the gains in assets under management.

NEW YORK, March 8, 2021 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $83.1 billion as of February 28, 2021, an increase of $1.9 billion from assets under management at January 31, 2021. The increase was due to net inflows of $229 million and market appreciation of $1.9 billion, partially offset by distributions of $202 million. 

Assets Under Management
(unaudited)
($ in millions)	AUM	Net	Market		AUM
By investment vehicle:	1/31/2021	Flows	Appreciation	Distributions	2/28/2021
Institutional Accounts:
Japan Subadvisory	$9,503	($39)	$415	($100)	$9,779
Subadvisory excluding Japan	5,873	(5)	185	-	6,053
Advisory	18,444	107	537	-	19,088
Total Institutional Accounts	33,820	63	1,137	(100)	34,920
Open-end Funds	35,918	165	648	(53)	36,678
Closed-end Funds	11,433	1	101	(49)	11,486
Total AUM	$81,171	$229	$1,886	($202)	$83,084

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.

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SOURCE Cohen & Steers, Inc.

FAQ

What are the preliminary assets under management for CNS as of February 28, 2021?

Cohen & Steers reported preliminary assets under management of $83.1 billion as of February 28, 2021.

How much did Cohen & Steers experience in net inflows in February 2021?

Cohen & Steers had net inflows of $229 million in February 2021.

What contributed to the increase in assets under management for CNS?

The increase was due to $229 million in net inflows and $1.9 billion in market appreciation.

Did Cohen & Steers face any distributions in February 2021?

Yes, Cohen & Steers reported distributions of $202 million, which partially offset gains.