Cohen & Steers Inc
CNS: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $46.00 | Bkxdxn | Jmphvmcz |
Improving Equity Markets Have Lifted Cohen & Steers' AUM, but Rate Headwinds Persist on Flow Front
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 firm closed out the December quarter with $83.1 billion in managed assets, up 3.4% for the year but still down 22.0% from a peak of $106.6 billion at the end of December 2021.