NEW YORK, Aug. 8, 2019 /PRNewswire/ -- Cohen & Steers, Inc. CNS today reported preliminary assets under management of $63.1 billion as of July 31, 2019, an increase of $749 million from June 30, 2019. The increase was due to market appreciation of $794 million and net inflows of $255 million, partially offset by distributions of $181 million and a conversion(1) of $119 million from certain institutional accounts to model-based portfolios.
Assets Under Management | ||||||
(unaudited) | ||||||
($ in millions) |
AUM | Market Appreciation |
AUM | |||
By investment vehicle: | June 2019 | Net Flows | (Depreciation) | Distributions | Conversion | July 2019 |
Institutional Accounts: | ||||||
Japan Subadvisory | $8,508 | $6 | $121 | ($99) | - | $8,536 |
Subadvisory ex Japan | 4,644 | 16 | 34 | - | ($119) | 4,575 |
Advisory | 14,099 | 242 | 142 | - | - | 14,483 |
Total Institutional Accounts | 27,251 | 264 | 297 | (99) | (119) | 27,594 |
Open-end Funds | 25,706 | (9) | 415 | (40) | - | 26,072 |
Closed-end Funds | 9,436 | - | 82 | (42) | - | 9,476 |
Total AUM | $62,393 | $255 | $794 | ($181) | ($119) | $63,142 |
(1) | This conversion, which has no effect on revenue, increases model-based portfolios to approximately $4.4 billion. Model-based portfolios are currently excluded from assets under management. |
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, Hong Kong, and Tokyo.
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SOURCE Cohen & Steers, Inc.
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