Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For June 2024

Rhea-AI Summary

Cohen & Steers (NYSE: CNS) reported preliminary assets under management (AUM) of $80.7 billion as of June 30, 2024, marking an increase of $221 million from May 31, 2024. This growth includes market appreciation of $771 million, countered by distributions of $372 million and net outflows of $178 million. By investment vehicle, institutional advisory accounts saw a minor increase to $18.4 billion, while Japan subadvisory grew to $8.3 billion. However, subadvisory excluding Japan decreased to $5.5 billion. Open-end funds experienced inflows, reaching $37.5 billion, and closed-end funds slightly declined to $11.0 billion.

Positive

• Assets under management increased by $221 million, reaching $80.7 billion.
• Market appreciation contributed $771 million to the total AUM.

Negative

• Net outflows amounted to $178 million.
• Distributions led to a $372 million decrease in AUM.
• Subadvisory excluding Japan saw a reduction of $101 million.

News Market Reaction – CNS

+1.47%

+1.47% Session move

In the trading session that priced this news, CNS gained 1.47%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

NEW YORK, July 9, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $80.7 billion as of June 30, 2024, an increase of $221 million from assets under management of $80.5 billion at May 31, 2024. The increase was due to market appreciation of $771 million, partially offset by distributions of $372 million and net outflows of $178 million. 

Assets Under Management
(unaudited)
($ in millions)	AUM	Net	Market		AUM
By investment vehicle:	5/31/2024	Flows	Appreciation	Distributions	6/30/2024
Institutional Accounts:
Advisory	$18,261	$29	$77	-	$18,367
Japan Subadvisory	8,214	(43)	198	(60)	8,309
Subadvisory excluding Japan	5,647	(118)	17	-	5,546
Total Institutional Accounts	32,122	(132)	292	(60)	32,222
Open-end Funds	37,284	(46)	474	(261)	37,451
Closed-end Funds	11,082	-	5	(51)	11,036
Total AUM	$80,488	($178)	$771	($372)	$80,709

 

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

View original content:https://www.prnewswire.com/news-releases/cohen--steers-announces-preliminary-assets-under-management-and-net-flows-for-june-2024-302192565.html

SOURCE Cohen & Steers, Inc.

FAQ

What is the preliminary assets under management of Cohen & Steers as of June 30, 2024?

Cohen & Steers reported preliminary assets under management of $80.7 billion as of June 30, 2024.

How much did Cohen & Steers' assets under management increase from May 31, 2024, to June 30, 2024?

Cohen & Steers' assets under management increased by $221 million from May 31, 2024, to June 30, 2024.

What factors contributed to the change in Cohen & Steers' assets under management in June 2024?

The change was due to market appreciation of $771 million, distributions of $372 million, and net outflows of $178 million.

What was the amount of market appreciation for Cohen & Steers in June 2024?

The market appreciation for Cohen & Steers in June 2024 was $771 million.

What were the net inflows or outflows for Cohen & Steers in June 2024?

Cohen & Steers reported net outflows of $178 million in June 2024.