NEW YORK, June 8, 2016 /PRNewswire/ -- Cohen & Steers, Inc. CNS today reported preliminary assets under management of $56.3 billion as of May 31, 2016, an increase of $1.3 billion from April 30, 2016. The increase was due to total inflows of $1.0 billion, comprised of institutional net inflows of $727 million, open-end fund net inflows of $273 million and market appreciation of $622 million, partially offset by distributions of $274 million. Distributions for institutional subadvisory, open-end funds, and closed-end funds were $240 million, $27 million and $7 million, respectively.
Assets Under Management | |||
($ in millions) |
Preliminary |
||
By investment vehicle: |
May 2016 |
April 2016 | |
Institutional accounts |
$ 28,322 |
$ 27,576 | |
Open-end funds |
18,818 |
18,319 | |
Closed-end funds |
9,196 |
9,093 | |
Total |
$ 56,336 |
$ 54,988 |
Please see the company's website at www.cohenandsteers.com under "Company-Investor Relations" for certain prior period revisions to the company's reported assets under management. As disclosed in the company's first quarter 2016 earnings release, results now reflect distributions separately and dividend reinvestments as inflows.
About Cohen & Steers
Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure, commodities 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, Hong Kong, Tokyo and Seattle.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cohen--steers-announces-preliminary-assets-under-management-may-31-2016-300282020.html
SOURCE Cohen & Steers, Inc.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.