NEW
YORK, March 20, 2024 /PRNewswire/ -- Cohen
& Steers, Inc. (NYSE: CNS) announced today that the Cohen &
Steers Real Estate Securities Fund
(CSDIX) and the Cohen & Steers
Institutional Realty Shares (CSRIX) have
received 2024 LSEG Lipper Fund Awards for their strong
risk-adjusted performance for the 10-year and 5-year periods,
respectively, ended November 30,
2023. This is the ninth
consecutive year Lipper has recognized CSDIX and the
second consecutive year Lipper has recognized CSRIX.
Jason Yablon, Head of Listed
Real Estate, said:
"We are honored to be recognized by the LSEG Lipper Awards for
our listed real estate performance. We believe actively managed
listed real estate deserves a place in investor portfolios as a
strategic allocation. Further, as we enter a new macroeconomic
regime characterized by the end of the Fed hiking cycle, pullbacks
in the market can present attractive entry points."
In 2023, CSDIX received a Lipper Fund Award in the Real Estate
category for the prior 10-year period, winning against 135 share
classes while CSRIX received an award for the prior 5-year period
against 184 share classes. In 2024, the Real Estate category for
the 10-year period included 136 share classes, while the Real
Estate category for the 5-year period included 189 share
classes.
In 2019, Cohen & Steers closed CSDIX to new investors,
although it remains open to its current shareholders, participants
in qualifying retirement plans and existing intermediary-sponsored
discretionary models. Cohen & Steers continues to
offer attractive options for new investors looking to participate
in real estate opportunities, through mutual funds, collective
investment trusts and separate accounts. These include the firm's
flagship real estate funds, Cohen & Steers
Realty Shares (A: CSJAX; I: CSJIX) and
Cohen & Steers Institutional Realty Shares
(CSRIX), which invest primarily in high-quality, large- and
mid-cap real estate companies.
About Cohen & Steers. Cohen & Steers is a leading
global investment manager specializing in real assets and
alternative income, including listed and private real estate,
preferred securities, infrastructure, resource equities,
commodities, as well as multi-strategy solutions. Founded in 1986,
the firm is headquartered in New York
City, with offices in London, Dublin, Hong
Kong, Tokyo and
Singapore.
About LSEG Lipper Fund Awards. The LSEG Lipper Fund
Awards, granted annually, highlight funds and fund companies that
have excelled in delivering consistently strong risk-adjusted
performance relative to their peers.
The LSEG Lipper Fund Awards are based on the Lipper Leader for
Consistent Return rating, which is an objective, quantitative,
risk-adjusted performance measure calculated over 36, 60 and 120
months. The fund with the highest Lipper Leader for Consistent
Return (Effective Return) value in each eligible classification
wins the LSEG Lipper Fund Award. For more information, see
lipperfundawards.com. Although LSEG Lipper makes reasonable efforts
to ensure the accuracy and reliability of the data used to
calculate the awards, their accuracy is not guaranteed. LSEG
Lipper's proven proprietary methodology can be viewed here.
Please consider the investment objectives, risks, charges and
expenses of any Cohen & Steers fund carefully before
investing. A summary prospectus and prospectus containing this and
other information may be obtained, free of charge, by visiting
cohenandsteers.com or by calling 800.330.7348. Please read the
summary prospectus and prospectus carefully before
investing.
Risks of Investing in Real Estate Securities
The risks
of investing in real estate securities are similar to those
associated with direct investments in real estate, including
falling property values due to increasing vacancies or declining
rents resulting from economic, legal, political or technological
developments, lack of liquidity, limited diversification and
sensitivity to certain economic factors such as interest rate
changes and market recessions. The Funds are classified as
"non-diversified" funds under federal securities laws because they
can invest in fewer individual companies than a diversified fund.
However, the Funds must meet certain diversification requirements
under U.S. tax laws.
Cohen & Steers U.S. registered open-end funds are
distributed by Cohen & Steers Securities, LLC and are only
available to U.S. residents.
Website: https://www.cohenandsteers.com
Symbols: NYSE: CNS
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SOURCE Cohen & Steers, Inc.