Cohen & Steers Announces Preliminary Assets Under Management Of $82.3B And Net Flows Of $231M For July 2023 Adding $1.9B In Assets Under Management
Portfolio Pulse from Happy Mohamed
Cohen & Steers, Inc. (NYSE:CNS) reported preliminary assets under management of $82.3 billion as of July 31, 2023, an increase of $1.9 billion from June 2023. The increase was due to net inflows of $231 million and market appreciation of $1.9 billion, offset by distributions of $162 million.
August 08, 2023 | 9:53 pm
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POSITIVE IMPACT
Cohen & Steers' assets under management increased by $1.9 billion to $82.3 billion in July 2023, due to net inflows and market appreciation.
The increase in assets under management for Cohen & Steers is a positive sign, indicating increased investor confidence and potentially leading to increased revenues from management fees. This could have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100