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

Rhea-AI Summary

Cohen & Steers reported preliminary assets under management (AUM) of $100.2 billion as of November 30, 2021, reflecting a decrease of $1.4 billion from October 31, 2021. This decline was attributed to market depreciation of $1.4 billion and $204 million in distributions, despite net inflows of $201 million.

As for the breakdown, total AUM was comprised of various accounts and funds, with significant contributions from institutional accounts and open-end funds.

Positive

• Net inflows of $201 million indicate continued interest in Cohen & Steers' offerings despite overall AUM decline.

Negative

• Decrease in total AUM by $1.4 billion due to market depreciation and distributions.
• Institutional accounts saw a significant revenue drop of $183 million.

NEW YORK, Dec. 8, 2021 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $100.2 billion as of November 30, 2021, a decrease of $1.4 billion from assets under management at October 31, 2021. The decrease was due to market depreciation of $1.4 billion and distributions of $204 million, partially offset by net inflows of $201 million.

Assets Under Management
(unaudited)
($ in millions)	AUM	Net	Market		AUM
By investment vehicle:	10/31/2021	Flows	Depreciation	Distributions	11/30/2021
Institutional Accounts:
Advisory	$23,570	($119)	($367)	$ -	$23,084
Japan Subadvisory	10,787	(46)	(46)	(93)	10,602
Subadvisory excluding Japan	6,663	(18)	(157)	-	6,488
Total Institutional Accounts	41,020	(183)	(570)	(93)	40,174
Open-end Funds	47,883	374	(585)	(62)	47,610
Closed-end Funds	12,691	10	(216)	(49)	12,436
Total AUM	$101,594	$201	($1,371)	($204)	$100,220

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 were Cohen & Steers' assets under management as of November 30, 2021?

Cohen & Steers reported assets under management of $100.2 billion as of November 30, 2021.

What caused the decrease in assets under management for CNS in November 2021?

The decrease of $1.4 billion in assets was largely due to market depreciation and distributions.

Did Cohen & Steers experience any net inflows in November 2021?

Yes, Cohen & Steers had net inflows of $201 million in November 2021.

How much did institutional accounts decrease in revenue for CNS?

Institutional accounts experienced a revenue drop of $183 million.