Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For June 2022

(Neutral)

Rhea-AI Summary

Cohen & Steers, Inc. (NYSE: CNS) reported preliminary assets under management (AUM) of $87.9 billion as of June 30, 2022, a decrease of $6.4 billion from May 31, 2022. This decline was primarily due to market depreciation of $5.6 billion, alongside distributions of $649 million and net outflows of $210 million. The company specializes in real assets and alternative income investments, maintaining a global presence.

Positive

Cohen & Steers specializes in real assets and alternative income, offering diverse investment options.

Negative

AUM decreased by $6.4 billion, indicating a weakness in asset retention.
Market depreciation of $5.6 billion significantly impacted AUM.
Net outflows of $210 million suggest loss of investor confidence.

News Market Reaction – CNS

+0.46%

+0.46% Session move

In the trading session that priced this news, CNS gained 0.46%, 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.

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07/11/2022 - 04:18 PM

NEW YORK, July 11, 2022 /PRNewswire/ --—Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $87.9 billion as of June 30, 2022, a decrease of $6.4 billion from assets under management at May 31, 2022. The decrease was due to market depreciation of $5.6 billion, distributions of $649 million and net outflows of $210 million.

Assets Under Management (unaudited)

($ in millions)	AUM	Net	Market		AUM
By investment vehicle:	5/31/2022	Flows	Depreciation	Distributions	6/30/2022
Institutional Accounts:
Advisory	$21,611	($30)	($1,446)	$ -	$20,135
Japan Subadvisory	9,491	107	(582)	(77)	8,939
Subadvisory excluding Japan	5,985	(81)	(472)	-	5,432
Total Institutional Accounts	37,087	(4)	(2,500)	(77)	34,506
Open-end Funds	44,788	(206)	(2,478)	(521)	41,583
Closed-end Funds	12,424	-	(600)	(51)	11,773
Total AUM	$94,299	($210)	($5,578)	($649)	$87,862

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.

View original content:https://www.prnewswire.com/news-releases/cohen--steers-announces-preliminary-assets-under-management-and-net-flows-for-june-2022-301584127.html

SOURCE Cohen & Steers, Inc.

FAQ

What are the preliminary assets under management for Cohen & Steers as of June 30, 2022?

Cohen & Steers reported preliminary assets under management of $87.9 billion as of June 30, 2022.

What caused the decrease in assets under management for CNS in June 2022?

The decrease was due to market depreciation of $5.6 billion, distributions of $649 million, and net outflows of $210 million.

What is the significance of the net outflows reported by CNS?

The net outflows of $210 million indicate a potential loss of investor confidence, contributing to the overall decrease in assets under management.

How does market depreciation affect CNS's assets under management?

Market depreciation of $5.6 billion has a direct negative impact on CNS's assets under management, leading to a decrease in overall investment value.