Report
Greggory Warren, CFA
EUR 101.80 For Business Accounts Only

Cohen & Steers' REIT focus should allow the firm to generate above-average rates of organic growth.

With U.S. equity markets declining around 4% last week, U.S.-based asset managers have given back much of the strong gains they've seen since the start of the year. We've always noted that the best time to buy asset managers is during market sell-offs, given that the group (which traded down 7% last week) tends to go down 1.5-2.0 times the market decline, with investors generally seeing more attractive entry points for our top two long-term ideas: wide-moat-rated BlackRock and T. Rowe Price. Tha...
Underlying
Cohen & Steers Inc.

Cohen & Steers is a holding company. Through its subsidiaries, the company is an investment manager focusing on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The company manages three types of investment vehicles: institutional accounts, which represent portfolios of securities it manages for institutional clients; open-end funds, which provide and issue shares continuously as assets are invested and redeem shares when assets are withdrawn; and closed-end funds, which are registered investment companies that have issued a fixed number of shares through public offerings.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Greggory Warren, CFA

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