Cohen & Steers Launches ETFs


Cohen & Steers Inc., an asset supervisor that has historically targeted on mutual funds and closed-end funds, has launched its first ETFs: three lively methods buying and selling on NYSE Arca.

The brand new ETFs mirror the agency’s present funding methods by means of an lively ETF automobile. They concentrate on offering whole return, tax-efficient revenue and portfolio diversification by means of actual property, most well-liked securities and pure useful resource equities methods.

“The launch of our lively ETFs expands entry to our flagship funding capabilities throughout actual property and various revenue,” mentioned Khushbu Gupta, Cohen & Steers head of worldwide product. “We imagine these three ETFs together with our present suite of merchandise may also help buyers unlock the advantages for our distinctive asset courses. We’re continually evaluating market developments to establish merchandise that may add most worth to our purchasers and the most effective supply mechanism for them.” 

One fund is the Cohen & Steers Actual Property Lively ETF (CSRE), designed to offer whole return and portfolio diversification by accessing a broad universe of listed actual property securities, together with U.S. REITs. It’s managed by Jason Yablon, head of listed actual property, and portfolio managers Mathew Kirschner and Ji Zhang.

The agency additionally unveiled Cohen & Steers Most popular and Earnings Alternatives Lively ETF (CSPF), designed to offer tax environment friendly revenue, portfolio diversification and whole return, by investing throughout the popular securities universe with a concentrate on funding grade, institutional preferreds. CSPF is managed by Elaine Zaharis-Nikas, head of fastened revenue and most well-liked securities, and portfolio managers Jerry Dorost and Robert Kastoff.

Lastly, the Cohen & Steers Pure Sources Lively ETF (CSNR) is designed to present whole return and inflation safety amidst an period of useful resource shortage. It invests in corporations concerned within the manufacturing, extraction and processing of pure assets, together with power, agriculture and metals. CSNR is managed by Tyler Rosenlicht, head of pure useful resource equities.   

“Lively ETFs have seen super market progress and have develop into the popular automobile for a lot of wealth managers and their purchasers,” Daniel Noonan, head of Cohen & Steers’ wealth administration consulting group, mentioned in a press release. “Launching lively ETFs represents a big alternative for Cohen & Steers to increase entry to our time-tested methods in actual property and various revenue. We stay up for educating advisors on how lively administration in these specialised asset courses may also help diversify portfolios and enhance shopper outcomes.”

Noonan added in an interview with WealthManagement.com that the additions had been made in response to shifts in the way in which monetary advisors function.

Wth that, there’s been a decisive enhance in demand for lively ETFs,” he mentioned. “The choice to supply our funding capabilities in an lively ETF automobile was based mostly on listening to our purchasers and offering entry to our main capabilities by means of our suite of open-ended mutual funds, closed-end funds, SMAs, CITs and now lively ETFs.”

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