Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For October 2024
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.
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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 $93 million
Details
News Market Reaction – CNS
The recorded move for CNS in the trading session of this news was -2.64%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Assets Under Management
| |||||
($ in millions) | AUM | Net | Market | AUM | |
By investment vehicle: | 9/30/2024 | Flows | Depreciation | Distributions | 10/31/2024 |
Institutional Accounts: | |||||
Advisory | ( | ( | - | ||
Japan Subadvisory | 9,365 | (3) | (258) | (55) | 9,049 |
Subadvisory excluding | 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 | ( | ( | |||
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
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.
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