Cohen & Steers’ Assets Rise $3.7 Billion to $99.6 Billion in October
Key Facts
Cohen & Steers said preliminary assets under management were $99.6 billion on October 31, 2026, up $3.7 billion from $95.9 billion at the end of September, according to a company statement published via PR Newswire. Market movements added $4.026 billion to assets, while net outflows reduced them by $209 million and distributions cut a further $155 million. The increase in investment values thus outweighed the effect of clients withdrawing money and distributions during the month. The figures show growth in assets under management during October, while distinguishing market gains from new money entering the company. Assets had declined in the third quarter before recovering part of that drop in the following month.
Assets under management were $100.1 billion at the end of June, then fell 4.2% to $95.9 billion on September 30, according to the company’s third-quarter results filed with the U.S. Securities and Exchange Commission. The company attributed the decline to a $5.1 billion market drop and $632 million in distributions, partly offset by net inflows of $1.6 billion. October differed from the previous quarter in that the market added value to assets instead of subtracting from them, while flows shifted to net outflows. October’s increase in total assets also does not mean the company recorded positive investor flows overall. The comparison applies to the specified periods: September’s figures are for the end of the third quarter, while the components of the increase cover October alone.
By distribution channel, the wealth channel recorded net outflows of $140 million, but its assets rose from $47.705 billion at the end of September to $49.446 billion at the end of October. A $1.932 billion market increase supported those assets, while distributions reduced them by $51 million. Institutions recorded net outflows of $69 million, with assets rising to $37.753 billion after the market added $1.661 billion and distributions deducted $47 million. The figures show that in both channels, portfolio value gains outweighed the effects of outflows and distributions. Mutual fund assets were $41.412 billion after net outflows of $270 million, offset by a $1.716 billion market increase and distributions that reduced assets by $46 million.
Flows also varied among fund types: exchange-traded funds recorded net inflows of $128 million in October and ended the month with $1.486 billion in assets under management. Closed-end funds, by contrast, recorded no net flows during the month, while market gains lifted their assets by $433 million to $12.407 billion after distributions of $57 million. These details reflect differing investor activity by product: inflows to exchange-traded funds, outflows from mutual funds and no net flows in closed-end funds. Overall, flows remained negative even as market gains lifted the value of the company’s portfolios. October’s increase totaled $3.7 billion, with the breakdown showing that market improvement was its largest driver.
Founded in 1986 and headquartered in New York, Cohen & Steers focuses on real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities and commodities, according to the company’s statement. In its third-quarter results, Chief Executive Joseph Harvey said, "Demand for real assets is broadening as investors increasingly recognize their role in diversified portfolios." The comment provides context for the company’s strategy in those categories, while October’s figures specifically show that the increase in assets under management did not come from net inflows at the company level. In its third-quarter results, the company said it launched the Cohen & Steers Real Assets Active ETF in August, bringing its number of active exchange-traded funds to seven. Third-quarter revenue was $157.4 million, compared with $152.7 million in the second quarter and $141.7 million in the third quarter of 2025.