Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For October 2020

(Neutral)

Rhea-AI Summary

Cohen & Steers reported preliminary assets under management (AUM) of $71.2 billion as of October 31, 2020, reflecting an increase of $715 million from September 30, 2020. This growth was primarily driven by net inflows totaling $2.0 billion, though it was partially offset by market depreciation of $1.1 billion and distributions of $219 million.

Positive

Net inflows of $2.0 billion indicating strong demand.
Increase in assets under management by $715 million.

Negative

Market depreciation of $1.1 billion negatively impacting AUM.
Distributions amounting to $219 million could reduce available capital.

News Market Reaction – CNS

+10.76%

+10.76% Session move

In the trading session that priced this news, CNS gained 10.76%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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11/06/2020 - 08:01 PM

NEW YORK, Nov. 6, 2020 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE:CNS) today reported preliminary assets under management of $71.2 billion as of October 31, 2020, an increase of $715 million from assets under management at September 30, 2020. The increase was due to net inflows of $2.0 billion, partially offset by market depreciation of $1.1 billion and distributions of $219 million.

Assets Under Management
(unaudited)
($ in millions)	AUM	Net	Market Appreciation		AUM
By investment vehicle:	9/30/2020	Flows	(Depreciation)	Distributions	10/31/2020
Institutional Accounts:
Japan Subadvisory	$9,016	$42	($163)	($124)	$8,771
Subadvisory excluding Japan	5,271	36	(136)	-	5,171
Advisory	16,093	348	(306)	-	16,135
Total Institutional Accounts	30,380	426	(605)	(124)	30,077
Open-end Funds	31,404	309	(377)	(53)	31,283
Closed-end Funds	8,719	1,251	(70)	(42)	9,858
Total AUM	$70,503	$1,986	($1,052)	($219)	$71,218

About Cohen & Steers

Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong and Tokyo.

View original content:http://www.prnewswire.com/news-releases/cohen--steers-announces-preliminary-assets-under-management-and-net-flows-for-october-2020-301168133.html

SOURCE Cohen & Steers, Inc.

FAQ

What are the preliminary assets under management for CNS as of October 2020?

Cohen & Steers reported preliminary assets under management of $71.2 billion as of October 31, 2020.

How much did Cohen & Steers experience in net inflows for October 2020?

Cohen & Steers experienced net inflows of $2.0 billion in October 2020.

What was the market depreciation impacting CNS's AUM?

Cohen & Steers faced market depreciation of $1.1 billion, which affected its assets under management.

How much did Cohen & Steers distribute to investors in October 2020?

Cohen & Steers had distributions totaling $219 million in October 2020.