Cohen & Steers Launches Global Listed Infrastructure SICAV
NEW YORK, Sept. 29, 2015 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE:CNS), a leading global investment manager focused on real assets, announced today the launch of Cohen & Steers SICAV Global Listed Infrastructure Fund (the "Fund"), a new UCITS fund that delivers the firm's market-leading infrastructure strategy to retail and institutional investors outside of the United States.
Demand for global infrastructure funding is likely to remain a major investment theme for decades. Tens of trillions of dollars will be needed to upgrade aging infrastructure assets in developed markets and expand capacity in emerging markets. Responding to this expected demand, the listed infrastructure asset class is quickly gaining acceptance globally. Assets under management in infrastructure strategies have increased by 52% annually over the past five years, totaling $45.9 billion as of June 30, 2015, according to data from eVestment Alliance. With a total capitalization of roughly $3.5 trillion, the global listed infrastructure universe represents a wealth of opportunities for investors.
The actively managed Global Listed Infrastructure Fund will seek long-term capital growth and dividend income through equity investments in a diverse cross section of countries and infrastructure subsectors including airports, water, pipelines, railways, ports, satellites, toll roads, telecommunications towers, and electricity, gas, and renewable energy utilities. These long-lived assets generate relatively predictable cash flows and earnings from providing essential services to the public and to private industry.
"We are excited to address the growing worldwide interest in listed infrastructure," said Robert Steers, Cohen & Steers' chief executive officer. "The Fund enables investors in many markets to participate in the best opportunities in the fast-growing listed infrastructure universe, taking advantage of our experienced specialist team, disciplined investment approach and proven track record."
Cohen & Steers manages US$5.4 billion in global listed infrastructure assets for institutional investors and investment companies, as of August 31, 2015. Since launching its global listed infrastructure strategy in 2003, Cohen & Steers has become one of the world's premier investment managers in the asset class. The Fund is managed by a dedicated global investment team, with senior investment professionals in New York, London, and Hong Kong.
Website: http://cohenandsteers.com
Symbol:NYSE: CNS
About Cohen & Steers. Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Hong Kong, Tokyo, and Seattle.
This press release is not intended as an offer of or advice to purchase shares of Cohen & Steers SICAV Global Listed Infrastructure Fund or Cohen & Steers, Inc. The sales of shares of the Fund may be restricted in certain jurisdictions. In particular, shares of the Fund may not be offered or sold, directly or indirectly in the United States or to U.S. persons, as more fully described in the Fund's prospectus.
Forward-Looking Statements
This press release and other statements that Cohen & Steers may make may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect the company's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.
SOURCE Cohen & Steers, Inc.
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