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Cohen & Steers Reports Significant Growth in Assets Under Management

Cohen & Steers, Inc., a prominent global investment management firm, has reported its preliminary assets under management (AUM) for November 2024, standing at an impressive $91.4 billion. This marks a remarkable increase of $1.7 billion from the previous month, demonstrating the firm's strong performance in the investment landscape.

Market Drivers Behind the Increase

The increase in AUM is primarily attributed to an appreciation in the market value of assets, amounting to $1.9 billion. Despite facing some challenges in terms of investor outflows and distributions, the overall growth reflects confidence in Cohen & Steers' investment strategies. Specifically, the company recorded net outflows totaling $98 million along with distributions reaching $151 million.

Breakdown of Assets

Analyzing the components of AUM for the month, Cohen & Steers detailed various investment vehicles that contributed to the growth:

• - Institutional Accounts: These accounts saw a total of $36.3 billion after accounting for net flows and market appreciation. Within this segment, the Advisory accounts contributed $20.6 billion, showing a promising trend.
• - Open-end Funds: Experienced a rise to $43.3 billion, driven by net inflows and market gains.
• - Closed-end Funds: Also reported an impressive growth to $11.8 billion despite facing minor net outflows.

Firm Overview

Founded in 1986 and headquartered in New York City, Cohen & Steers specializes in real assets and alternative income. The company offers a diverse range of investment solutions that include equities, infrastructure, preferred securities, and commodities. With offices strategically located in major financial hubs worldwide, such as London, Hong Kong, and Tokyo, Cohen & Steers has established itself as a leader in the market.

Looking Ahead

The firm’s consistent growth signals a positive outlook as it continues to adapt to market dynamics while providing value to its clients. As the financial landscape evolves, Cohen & Steers remains poised for future growth by leveraging its expertise in real assets management. Investors are advised to keep an eye on their upcoming financial strategies, as the firm prepares to navigate the ever-changing economic conditions effectively.

Overall, Cohen & Steers' recent report serves as a testament to its strength in asset management, reaffirming its position as a key player in the global investment sector. Stakeholders can expect further developments as the firm continues to innovate and respond to market demands.

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