Cohen & Steers AUM Rebounds to $100.1 Billion on Market Gains

Cohen & Steers reported its assets under management grew to $100.1 billion as of April 30, a $7.0 billion monthly increase fueled by broad market appreciation and a return to positive net flows.

"The increase was due to market appreciation of $6.4 billion and net inflows of $701 million, partially offset by distributions of $152 million," the company said in a statement.

The rebound from March's $93.1 billion figure was led by the firm's open-end funds, which attracted $571 million in net new money and benefited from $3.1 billion in market gains. Institutional accounts also contributed, adding a net $130 million in flows despite a $299 million outflow from advisory accounts.

This report marks a positive reversal from the market-driven AUM decline seen in March, suggesting a recovery in both client sentiment and the underlying asset markets Cohen & Steers specializes in. Investors will watch to see if the inflow trend can be sustained, which is crucial for growing the firm's fee-based revenue.

Inflows Return

The firm recorded total net inflows of $701 million for April, a significant turnaround from the previous month's report which saw a decline in AUM. Open-end funds were the primary driver, contributing $571 million in net flows. Institutional subadvisory mandates also added $429 million, offsetting the $299 million in net outflows from institutional advisory accounts.

The breakdown of the firm's assets shows open-end funds now represent the largest portion of AUM at $48.5 billion. Institutional accounts total nearly $38.9 billion, while closed-end funds, which saw no new net flows, stood at $12.7 billion. The growth in April was almost entirely organic and market-driven, with distributions of $152 million being the only headwind.

This article is for informational purposes only and does not constitute investment advice.