Cohen & Steers Expected to Sub-Advise Argo Global Listed Infrastructure Limited (AGLI) to be Launched by Argo Investments Limited (Argo)

NEW YORK, April 6, 2015 /PRNewswire/ -- Cohen & Steers, Inc. CNS, a leading global investment manager focused on real assets, has been selected by Argo Investments Limited ARG as sub-advisor to actively manage AGLI. Argo intends to create AGLI as a new listed investment company in Australia on the Australian Securities Exchange (ASX).

AGLI will invest in a diversified portfolio of global listed infrastructure securities and global infrastructure fixed-income securities. The portfolio will be diversified by geography and infrastructure sub-sectors, including airports, water, pipelines, railways, ports, satellites, toll roads, telecommunications towers and electricity, gas and renewable energy utilities.

"Argo has selected Cohen & Steers as a sub-advisor based on its cultural alignment with Argo, consistent investment philosophy and strong long-term performance track record of investing in global listed infrastructure," said Argo's Managing Director, Jason Beddow.  

Joseph Harvey, President and Chief Investment Officer of Cohen & Steers, added, "Infrastructure is an increasingly attractive asset class, focused on the owners and operators of assets providing essential services in the utilities, energy, communications and transportation industries. We are pleased to partner with Argo to help investors gain access to the large and growing opportunity in global listed infrastructure."

Cohen & Steers manages more than $5 billion in global listed infrastructure assets—typically characterized by stable and predictable revenue or cash flow—for institutional investors and investment companies. Since launching global listed infrastructure portfolios in 2003, Cohen & Steers has become one of the world's largest investment managers in the asset class. The strategy leverages the firm's global trading capabilities and is managed by a dedicated investment team, with senior investment professionals in New York, London and Hong Kong.

More information is available at cohenandsteers.com.

About Cohen & Steers. Founded in 1986, Cohen & Steers is a leading global investment manager with a long history of innovation and a focus on real assets, including real estate, infrastructure and commodities, along with preferred securities and other income solutions. Headquartered in New York City, with offices in London, Hong Kong, Tokyo and Seattle, Cohen & Steers serves institutional and individual investors around the world.

This press release is not intended as an offer of or advice to purchase shares of AGLI or Cohen & Steers. Cohen & Steers Capital Management, Inc., the sub-adviser to AGLI, is exempt from the requirement to hold an Australian Financial Services License under the Corporations Act in respect of the financial services it provides to wholesale clients only in Australia.

About Argo Investments. Argo Investments Limited is a leading Australian listed investment company ARG which manages a diversified portfolio of Australian investments with the objective of maximizing long-term returns to its shareholders through a balance of capital and dividend growth. Established in 1946, Argo has over 75,000 shareholders and a c.A$5.0 billion portfolio invested across over 100 different equity holdings and cash.

Forward-Looking Statements
This press release and other statements that Cohen & Steers may make may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

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SOURCE Cohen & Steers, Inc.