Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For May 2024
Rhea-AI Summary
Cohen & Steers (NYSE: CNS) reported its preliminary assets under management (AUM) for May 2024, totaling $80.5 billion as of May 31, 2024, up from $77.2 billion in April 2024.
This represents an increase of $3.3 billion primarily due to market appreciation of $3.6 billion. However, this was partly offset by distributions of $150 million and net outflows amounting to $93 million.
By investment vehicle, institutional accounts saw a growth to $32.1 billion, open-end funds to $37.3 billion, and closed-end funds to $11.1 billion.
Positive
- AUM increased by $3.3 billion, reaching $80.5 billion as of May 31, 2024.
- Market appreciation contributed positively with a $3.6 billion increase.
- Institutional accounts' AUM rose to $32.1 billion.
- Open-end funds' AUM grew to $37.3 billion.
- Closed-end funds' AUM increased to $11.1 billion.
Negative
- Distributions amounted to $150 million, reducing the overall AUM growth.
- Net outflows were $93 million, impacting total AUM.
- Japan subadvisory accounts experienced a net outflow of $84 million.
News Market Reaction – CNS
In the trading session that priced this news, CNS gained 1.35%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Assets Under Management | |||||
($ in millions) | AUM | Net | Market | AUM | |
By investment vehicle: | 4/30/2024 | Flows | Appreciation | Distributions | 5/31/2024 |
Institutional Accounts: | |||||
Advisory | - | ||||
Japan Subadvisory | 7,890 | (84) | 463 | (55) | 8,214 |
Subadvisory excluding | 5,378 | (7) | 276 | - | 5,647 |
Total Institutional Accounts | 30,645 | (30) | 1,562 | (55) | 32,122 |
Open-end Funds | 35,769 | (64) | 1,623 | (44) | 37,284 |
Closed-end Funds | 10,746 | 1 | 386 | (51) | 11,082 |
Total AUM | ( | ( | |||
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
View original content:https://www.prnewswire.com/news-releases/cohen--steers-announces-preliminary-assets-under-management-and-net-flows-for-may-2024-302168649.html
SOURCE Cohen & Steers, Inc.