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

(Neutral)

Rhea-AI Summary

Cohen & Steers (NYSE: CNS) reported preliminary assets under management (AUM) of $89.7 billion as of October 31, 2024, representing a $2.0 billion decrease from September's $91.8 billion. The decline was attributed to market depreciation of $2.3 billion and distributions of $150 million, partially offset by net inflows of $454 million.

The company's AUM breakdown shows Open-end Funds at $42.5 billion, Total Institutional Accounts at $35.6 billion, and Closed-end Funds at $11.7 billion. While Open-end Funds saw positive net flows of $546 million, Institutional Accounts experienced net outflows of $93 million.

Positive

Net inflows of $454 million across all investment vehicles
Open-end Funds showed strong performance with $546 million in net inflows

Negative

Total AUM decreased by $2.0 billion (2.2%) month-over-month
Market depreciation of $2.3 billion across all investment vehicles
Institutional Accounts experienced net outflows of $93 million

News Market Reaction – CNS

-2.64%

-2.64% Session move

In the trading session that priced this news, CNS declined 2.64%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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11/11/2024 - 04:23 PM

NEW YORK, Nov. 11, 2024 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $89.7 billion as of October 31, 2024, a decrease of $2.0 billion from assets under management of $91.8 billion at September 30, 2024. The decrease was due to market depreciation of $2.3 billion and distributions of $150 million, partially offset by net inflows of $454 million.

Assets Under Management (unaudited)
($ in millions)	AUM	Net	Market		AUM
By investment vehicle:	9/30/2024	Flows	Depreciation	Distributions	10/31/2024
Institutional Accounts:
Advisory	$20,982	($49)	($637)	-	$20,296
Japan Subadvisory	9,365	(3)	(258)	(55)	9,049
Subadvisory excluding Japan	6,545	(41)	(263)	-	6,241
Total Institutional Accounts	36,892	(93)	(1,158)	(55)	35,586
Open-end Funds	42,979	546	(996)	(44)	42,485
Closed-end Funds	11,909	1	(191)	(51)	11,668
Total AUM	$91,780	$454	($2,345)	($150)	$89,739

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-october-2024-302301733.html

SOURCE Cohen & Steers, Inc.

FAQ

What was Cohen & Steers (CNS) total assets under management for October 2024?

Cohen & Steers reported total assets under management of $89.7 billion as of October 31, 2024.

How much did Cohen & Steers (CNS) AUM decrease in October 2024?

Cohen & Steers' AUM decreased by $2.0 billion from $91.8 billion in September 2024 to $89.7 billion in October 2024.

What were the net flows for Cohen & Steers (CNS) Open-end Funds in October 2024?

Cohen & Steers' Open-end Funds recorded net inflows of $546 million in October 2024.