Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For May 2021

Rhea-AI Summary

Cohen & Steers (NYSE: CNS) announced preliminary assets under management (AUM) of $94.2 billion as of May 31, 2021, up $1.4 billion from April 30, 2021. This growth was driven by net inflows of $760 million and market appreciation of $815 million, despite distributions totaling $201 million.

Cohen & Steers specializes in real assets and alternative income investments and has a global presence with offices in major financial hubs.

Positive

• Total assets under management increased to $94.2 billion, up by $1.4 billion.
• Net inflows of $760 million contributed positively to AUM growth.
• Market appreciation of $815 million further boosted overall assets.

Negative

• Distributions of $201 million partially offset gains in AUM.

NEW YORK, June 8, 2021 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $94.2 billion as of May 31, 2021, an increase of $1.4 billion from assets under management at April 30, 2021. The increase was due to net inflows of $760 million and market appreciation of $815 million, partially offset by distributions of $201 million. 

Assets Under Management
(unaudited)
($ in millions) By investment vehicle:	AUM 4/30/2021	Net Flows	Market Appreciation	Distributions	AUM 5/31/2021
Institutional Accounts:
Japan Subadvisory	$10,554	($108)	$62	($97)	$10,411
Subadvisory excluding Japan	6,795	72	106	-	6,973
Advisory	21,957	123	322	-	22,402
Total Institutional Accounts	39,306	87	490	(97)	39,786
Open-end Funds	41,114	672	252	(55)	41,983
Closed-end Funds	12,421	1	73	(49)	12,446
Total AUM	$92,841	$760	$815	($201)	$94,215

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 preliminary assets under management for Cohen & Steers as of May 31, 2021?

Cohen & Steers reported preliminary assets under management of $94.2 billion as of May 31, 2021.

What contributed to the increase in assets under management for CNS in May 2021?

The increase in assets was due to net inflows of $760 million and market appreciation of $815 million.

How much were the distributions made by Cohen & Steers in May 2021?

Cohen & Steers made distributions totaling $201 million in May 2021.

What is the stock symbol for Cohen & Steers?

The stock symbol for Cohen & Steers is CNS.