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

Rhea-AI Summary

Cohen & Steers (NYSE: CNS) reported preliminary assets under management (AUM) of $85.8 billion as of December 31, 2024, marking a $5.6 billion decrease from November 30, 2024's $91.4 billion. The decline was primarily attributed to:

- Market depreciation of $5.7 billion
- Distributions of $396 million
- Partially offset by net inflows of $504 million

The AUM breakdown shows Open-end Funds at $41.0 billion, Institutional Accounts at $33.6 billion, and Closed-end Funds at $11.3 billion. Within Institutional Accounts, Advisory accounts held $19.3 billion, Japan Subadvisory $8.5 billion, and Subadvisory excluding Japan $5.8 billion.

Positive

• Net inflows of $504 million during the month
• Open-end funds showed positive flows of $568 million

Negative

• Total AUM decreased by $5.6 billion (6.1%) month-over-month
• Market depreciation of $5.7 billion
• Institutional accounts experienced net outflows of $65 million
• Japan Subadvisory saw outflows of $28 million
• Subadvisory excluding Japan had outflows of $108 million

News Market Reaction

-4.15%

1 alert

-4.15% News Effect

On the day this news was published, CNS declined 4.15%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Jan. 9, 2025 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $85.8 billion as of December 31, 2024, a decrease of $5.6 billion from assets under management of $91.4 billion at November 30, 2024. The decrease was due to market depreciation of $5.7 billion and distributions of $396 million, partially offset by net inflows of $504 million.

Assets Under Management                (unaudited)
($ in millions)	AUM	Net	Market		AUM
By investment vehicle:	11/30/2024	Flows	Depreciation	Distributions	12/31/2024
Institutional Accounts:
Advisory	$20,563	$71	($1,362)	-	$19,272
Japan Subadvisory	9,348	(28)	(745)	(53)	8,522
Subadvisory excluding Japan	6,373	(108)	(496)	-	5,769
Total Institutional Accounts	36,284	(65)	(2,603)	(53)	33,563
Open-end Funds	43,307	568	(2,621)	(292)	40,962
Closed-end Funds	11,845	1	(506)	(51)	11,289
Total AUM	$91,436	$504	($5,730)	($396)	$85,814

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-december-2024-302347513.html

SOURCE Cohen & Steers, Inc.

FAQ

What caused the $5.6 billion decrease in Cohen & Steers (CNS) AUM in December 2024?

The decrease was primarily due to market depreciation of $5.7 billion and distributions of $396 million, partially offset by net inflows of $504 million.

How much were the net inflows for Cohen & Steers (CNS) in December 2024?

Cohen & Steers reported net inflows of $504 million in December 2024.

What was the total AUM for Cohen & Steers (CNS) as of December 31, 2024?

Cohen & Steers reported total assets under management of $85.8 billion as of December 31, 2024.

How did Cohen & Steers (CNS) Open-end Funds perform in terms of flows in December 2024?

Open-end Funds showed positive flows of $568 million in December 2024.

What was the market depreciation impact on Cohen & Steers (CNS) AUM in December 2024?

Market depreciation resulted in a $5.7 billion decrease in assets under management during December 2024.