NEW
YORK, April 5, 2023 /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 2023
Refinitiv Lipper Fund Awards for their strong risk-adjusted
performance for the 10-year and 5-year periods, respectively, ended
December 31, 2022.
Jon Cheigh, Chief Investment
Officer & Head of Global Real Estate, said:
"The Refinitiv Lipper Awards recognize Cohen & Steers'
leading position within listed real estate and our team's ability
to deliver consistent alpha for our clients. Under a new market
regime marked by slowing growth, rising interest rates and elevated
inflation, listed real estate is going through a bottoming process
that we believe will present attractive entry points in 2023.
Against this cyclical backdrop, and supported by a secular shift to
embracing alternatives, investors globally are increasing their
adoption of real estate securities."
This is the eighth consecutive year Lipper has recognized CSDIX.
In 2022, CSDIX received a Lipper Fund Award in the Real Estate
category for the prior 10-year period, winning against 135 share
classes. In 2023, the Real Estate category for the 10-year period
included 135 share classes, while the Real Estate category for the
5-year period included 184 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 fund, 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 Lipper Fund Awards. The Refinitiv 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 Refinitiv Lipper Fund
Awards are based on the Lipper Leader for Consistent Return rating,
which is a 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 Refinitiv Lipper Fund Award. For more
information, see lipperfundawards.com. Although Refinitiv Lipper
makes reasonable efforts to ensure the accuracy and reliability of
the data contained herein, the accuracy is not guaranteed by
Refinitiv Lipper.
About Cohen & Steers. Cohen & Steers is a leading
global investment manager specializing in real assets and
alternative income, including 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 and Tokyo.
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.
View original
content:https://www.prnewswire.com/news-releases/cohen--steers-us-mutual-funds-receive-refinitiv-lipper-performance-awards-301790172.html
SOURCE Cohen & Steers, Inc.