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

(Neutral)

Rhea-AI Summary

Cohen & Steers (NYSE: CNS) reported preliminary assets under management (AUM) of $84.6 billion as of July 31, 2024, marking a $3.9 billion increase from June 30, 2024. This growth was primarily driven by market appreciation of $4.1 billion, partially offset by distributions of $153 million and net outflows of $45 million.

The company's AUM breakdown shows:

Institutional Accounts: $33.8 billion
Open-end Funds: $39.4 billion
Closed-end Funds: $11.4 billion

Notably, Open-end Funds experienced positive net flows of $156 million, while Institutional Accounts saw net outflows of $202 million.

Positive

Total assets under management increased by $3.9 billion to $84.6 billion
Market appreciation contributed $4.1 billion to AUM growth
Open-end Funds saw positive net flows of $156 million

Negative

Overall net outflows of $45 million
Institutional Accounts experienced net outflows of $202 million
Distributions reduced AUM by $153 million

News Market Reaction – CNS

+0.53%

+0.53% Session move

In the trading session that priced this news, CNS gained 0.53%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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08/08/2024 - 04:38 PM

NEW YORK, Aug. 8, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $84.6 billion as of July 31, 2024, an increase of $3.9 billion from assets under management of $80.7 billion at June 30, 2024. The increase was due to market appreciation of $4.1 billion, partially offset by distributions of $153 million and net outflows of $45 million.

Assets Under Management (unaudited)


($ in millions)	AUM	Net	Market		AUM
By investment vehicle:	6/30/2024	Flows	Appreciation	Distributions	7/31/2024
Institutional Accounts:
Advisory	$18,367	($66)	$991	-	$19,292
Japan Subadvisory	8,309	(77)	481	(57)	8,656
Subadvisory excluding Japan	5,546	(59)	329	-	5,816
Total Institutional Accounts	32,222	(202)	1,801	(57)	33,764
Open-end Funds	37,451	156	1,858	(45)	39,420
Closed-end Funds	11,036	1	405	(51)	11,391
Total AUM	$80,709	($45)	$4,064	($153)	$84,575

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-july-2024-302218406.html

SOURCE Cohen & Steers, Inc.

FAQ

What was Cohen & Steers' (CNS) total assets under management as of July 31, 2024?

Cohen & Steers (CNS) reported total assets under management of $84.6 billion as of July 31, 2024.

How much did Cohen & Steers' (CNS) assets under management increase from June to July 2024?

Cohen & Steers' (CNS) assets under management increased by $3.9 billion from June 30, 2024 to July 31, 2024.

What was the main driver of Cohen & Steers' (CNS) AUM growth in July 2024?

The main driver of Cohen & Steers' (CNS) AUM growth in July 2024 was market appreciation, which contributed $4.1 billion.

Did Cohen & Steers (CNS) experience net inflows or outflows in July 2024?

Cohen & Steers (CNS) experienced overall net outflows of $45 million in July 2024.