Cohen & Steers is a niche asset manager concentrating primarily on real estate securities. The firm invests mainly in the equity shares of real estate investment trusts, with holdings in domestic and international real estate securities accounting for around 60% of the company's $62.1 billion in managed assets at the end of April 2020. Cohen & Steers also manages portfolios dedicated to preferred securities, utilities stocks, and other high-yield offerings. The company expects to balance distribution among its closed-end mutual funds, open-end mutual funds, and institutional accounts over time. At the end of the first quarter of 2020, the firm garnered 44% (29%) of its AUM (revenue) from institutional clients, 42% (51%) from open-end funds and 14% (20%) from closed-end funds.
New York, NY, 10017