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.
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For further details see:
Cohen & Steers: Dependence On Real Estate, Still Not Buying It