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

Rhea-AI Summary

Cohen & Steers reported preliminary assets under management (AUM) of $72.1 billion as of August 31, 2020, reflecting an increase of $1.9 billion compared to July 31, 2020. This rise was driven by net inflows of $1.0 billion and market appreciation of $1.2 billion, though offset by distributions totaling $211 million.

The firm specializes in liquid real assets and is headquartered in New York City. The increase in AUM highlights growth in investment management capabilities.

Positive

• Increase in AUM by $1.9 billion from July 31 to August 31, bringing total AUM to $72.1 billion.
• Net inflows of $1.0 billion indicating strong investor interest.
• Market appreciation contributing $1.2 billion to AUM growth.

Negative

• Distributions of $211 million could indicate high investor withdrawals.

NEW YORK, Sept. 9, 2020 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $72.1 billion as of August 31, 2020, an increase of $1.9 billion from assets under management at July 31, 2020. Net inflows of $1.0 billion and market appreciation of $1.2 billion were partially offset by distributions of $211 million. 

Assets Under Management (unaudited)
($ in millions)	AUM	Net	Market Appreciation		AUM
By investment vehicle:	7/31/2020	Flows	(Depreciation)	Distributions	8/31/2020
Institutional Accounts:
Japan Subadvisory	$9,231	$66	$110	($119)	$9,288
Subadvisory excluding Japan	5,266	(47)	122	-	5,341
Advisory	15,944	566	384	-	16,894
Total Institutional Accounts	30,441	585	616	(119)	31,523
Open-end Funds	30,879	365	460	(50)	31,654
Closed-end Funds	8,812	50	76	(42)	8,896
Total AUM	$70,132	$1,000	$1,152	($211)	$72,073

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.