Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For November 2022

Rhea-AI Summary

Cohen & Steers reported preliminary assets under management of $84.2 billion as of November 30, 2022, showing an increase of $4.2 billion from October. The gain was primarily driven by market appreciation of $4.6 billion, although net outflows accounted for $252 million and distributions were $177 million.

This reflects the company's ongoing market dynamics and investor behavior in a challenging economic environment.

Positive

• Assets under management rose to $84.2 billion, up $4.2 billion month-over-month.
• Market appreciation contributed $4.6 billion to AUM.

Negative

• Net outflows totaled $252 million.
• Distributions amounted to $177 million.

NEW YORK, Dec. 8, 2022 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $84.2 billion as of November 30, 2022, an increase of $4.2 billion from assets under management at October 31, 2022. The increase was due to market appreciation of $4.6 billion, partially offset by net outflows of $252 million and distributions of $177 million.

Assets Under Management (unaudited)
($ in millions)	AUM	Net	Market				AUM
By investment vehicle:	10/31/2022	Flows	Appreciation		Distributions		11/30/2022
Institutional Accounts:
Advisory	$18,180	$152	$1,240	$ -			$19,572
Japan Subadvisory	8,211	86	553	(80)			8,770
Subadvisory excluding Japan	5,249	(45)	394	-			5,598
Total Institutional Accounts	31,640	193	2,187	(80)			33,940
Open-end Funds	37,228	(447)	1,960	(46)			38,695
Closed-end Funds	11,103	2	495	(51)			11,549
Total AUM	$79,971	($252)	$4,642	($177)			$84,184

About Cohen & Steers
Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including 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 and Tokyo.

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SOURCE Cohen & Steers, Inc.

FAQ

What are the assets under management for Cohen & Steers as of November 2022?

Cohen & Steers reported assets under management of $84.2 billion as of November 30, 2022.

What caused the increase in assets under management for CNS in November 2022?

The increase in assets under management was primarily due to market appreciation of $4.6 billion.

How much were the net outflows reported by Cohen & Steers in November 2022?

Net outflows for Cohen & Steers in November 2022 were reported at $252 million.

What were the distributions made by Cohen & Steers in November 2022?

Cohen & Steers made distributions totaling $177 million in November 2022.