Cohen & Steers Inc
CNS: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $31.00 | Hpsdr | Sqwjvtynx |
Market Headwinds and Increased Competition Is Affecting Cohen & Steers Ability to Expand Its AUM
Business Strategy and Outlook
A combination of rising interest rates, equity and credit market headwinds, and increased competition from private real estate investment vehicles offered by alternative asset managers and other traditional asset managers has had (and is likely to continue to have) and adverse effect on Cohen & Steers' level of managed assets. The company closed out the September quarter with $75.2 billion in managed assets, down 6.5% year to date and 29.5% from a peak of $106.6 billion at the end of December 2021.