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

Rhea-AI Summary

Cohen & Steers reported preliminary assets under management of $66.3 billion as of June 30, 2020, marking an increase of $2.5 billion from May 31, 2020. The rise is attributed to net inflows of $2.2 billion and market appreciation of $910 million, offset by distributions totaling $642 million.

The total assets are reflective of the company's strategy in liquid real assets, including real estate and natural resource equities.

Positive

• Increase in assets under management by $2.5 billion from May 2020 to June 2020.
• Net inflows of $2.2 billion indicate strong investor interest.
• Market appreciation contributing $910 million strengthens overall asset growth.

Negative

• Distributions totaled $642 million, impacting net asset growth.

NEW YORK, July 9, 2020 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE:CNS) today reported preliminary assets under management of $66.3 billion as of June 30, 2020, an increase of $2.5 billion from assets under management at May 31, 2020. Net inflows of $2.2 billion and market appreciation of $910 million were partially offset by distributions of $642 million. 

Assets Under Management
(unaudited)
($ in millions)	AUM	Net	Market Appreciation		AUM
By investment vehicle:	5/31/2020	Flows	(Depreciation)	Distributions	6/30/2020
Institutional Accounts:
Japan Subadvisory	$8,449	$145	$255	($113)	$8,736
Subadvisory excluding Japan	4,751	63	66	-	4,880
Advisory	14,781	315	155	-	15,251
Total Institutional Accounts	27,981	523	476	(113)	28,867
Open-end Funds	27,264	1,726	417	(486)	28,921
Closed-end Funds	8,565	-	17	(43)	8,539
Total AUM	$63,810	$2,249	$910	($642)	$66,327

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 June 30, 2020?

Cohen & Steers reported preliminary assets under management of $66.3 billion as of June 30, 2020.

How much did Cohen & Steers' assets under management increase from May to June 2020?

Assets under management increased by $2.5 billion from May 31, 2020, to June 30, 2020.

What were the net inflows reported by Cohen & Steers for June 2020?

Cohen & Steers reported net inflows of $2.2 billion for June 2020.

What impact did distributions have on Cohen & Steers' assets under management in June 2020?

Distributions totaled $642 million, which impacted the net growth of assets under management.

What contributed to the increase in Cohen & Steers' assets under management in June 2020?

The increase was driven by net inflows of $2.2 billion and market appreciation of $910 million.