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CNS - Cohen & Steers: Dependence On Real Estate Still Not Buying It
Cohen & Steers Inc
2024-02-16 13:13:32 ET
Summary
Cohen & Steers reported more outflows and suffered in their Japanese sub-advisory business due to delays in deploying local schemes.
CNS focuses on duration-long asset classes, which have suffered due to higher inflation expectations and lower prices.
The recent disappointments in earnings and potential future disappointments based on macro will continue to weigh on CNS, and the likely scenarios do not include outperformance of the stock.