LONDON, March 3,
2025 /PRNewswire/ -- Cohen & Steers, Inc.
(NYSE: CNS) announced today the launch of the Cohen &
Steers SICAV Short Duration Preferred Income Fund. This is the
firm's second fund focused on the preferred securities market
available to UCITS investors, in addition to the Cohen & Steers
SICAV Preferred Income Fund, launched in 2017.
With some of the highest yields in fixed income, preferred
securities offer several key benefits, including the potential for
high and stable income, portfolio diversification and low
correlation to the fixed income universe. Preferreds act like
bonds, paying a fixed or floating rate of income, but are a form of
equity for issuers that lie between common stock and senior debt in
a company's capital structure. They are generally issued by large,
regulated companies with relatively stable cash flows, such as
banks, insurance companies, utilities and other sectors that are
less represented in other fixed income strategies.
Elaine Zaharis-Nikas, Head of
Fixed Income and Preferred Securities, said:
"We see
significant opportunities in the $1.2
trillion preferred securities market driven by attractive
market fundamentals, including an increase in new issuance from
institutional, over-the-counter preferreds and contingent capital
securities. Recent methodology changes from select rating agencies
have also spurred new issuance from non-financial companies,
improving the diversification of the preferred securities universe.
Overall, we are optimistic about preferreds' return potential and
the appeal of short duration strategies."
The Fund seeks to provide investors with high current income and
capital preservation as a secondary objective through investments
in the global preferred and debt securities universe with a focus
on investment-grade, institutional preferreds. It offers a lower
target duration of less than three years, though the duration may
be longer depending on market conditions, and seeks to reduce
portfolio interest rate sensitivity and manage volatility. The Fund
is managed by Elaine Zaharis-Nikas,
Head of Fixed Income and Preferred Securities, and Portfolio
Managers Jerry Dorost and
Robert Kastoff.
David Conway, Head of
International Wholesale Distribution, added:
"In an
environment where income and quality matter more than ever, we're
excited to launch the Cohen & Steers SICAV Short Duration
Preferred Income Fund to provide investors with access to a
diversified portfolio of institutional preferred securities. We
believe this fund is a compelling solution for investors seeking
long-term total return through high and resilient income."
As a global leader in actively managed preferred securities
strategies, Cohen & Steers manages $18.3
billion in preferreds and has invested in the asset class
since 2003.
To learn more about the Cohen & Steers SICAV Short Duration
Preferred Income Fund, please visit:
https://www.cohenandsteers.com/funds/short-duration-preferred-income-fund/.
To learn more about the global preferred securities market,
please visit:
https://www.cohenandsteers.com/themes-post/preferred-securities-knowledge-center/.
This is a marketing communication. Please refer to the
prospectus of the Cohen & Steers SICAV and to
the relevant KIID/KID before
making any final investment decisions. These documents are
available free of charge on the Cohen & Steers website.
About Cohen & Steers SICAV Funds. The Funds are
sub-funds of Cohen & Steers SICAV, a Luxembourg-domiciled undertaking for
collective investment in transferrable securities (UCITS). Shares
of the Funds are only offered pursuant to the current prospectus
and the sales of shares of the Funds may be restricted in certain
jurisdictions. In particular, shares may not be offered or sold,
directly or indirectly in the United
States or to U.S. persons, as more fully described in the
Funds' prospectus. Please see the prospectus for additional
information including important risk considerations, potential loss
of capital, and details about fees and expenses. Past performance
is no guarantee of future results.
About Cohen & Steers. Cohen & Steers is a leading
global investment manager specializing in real assets and
alternative income, including listed and private 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, Tokyo and
Singapore.
This communication is not contractually binding or legislatively
required. This communication is not sufficient to make an
investment decision. Past performance is no guarantee of future
results. There is no guarantee that any historical trend
illustrated herein will be repeated in the future, and there is no
way to predict precisely when such a trend will begin. There is no
guarantee that any market forecast made in this commentary will be
realized. This material is not being provided in a fiduciary
capacity, and represents an assessment of the market environment at
a specific point in time, should not be relied upon as investment
or tax advice and is not intended to predict or depict performance
of any investment, nor may it be construed as investment advice for
any product or service sponsored by Cohen & Steers, Inc. or any
of its affiliates or agents.
Risk
Risks of investing in the Fund are described in
the prospectus and key investor documents, which are available on
the Cohen & Steers website (see link to documents above).
Investment risk including possible loss of entire amount invested.
Increased credit risk due to subordination to all other types of
corporate debt. Default risk because the issuer experiences a
decline in its financial status. Contingent Convertible
Securities("CoCos") are typically subject to greater levels of
credit and liquidity risk. Call risk causing sub-fund to invest in
lower yielding securities. Increases in interest rates may cause
process to fall. Foreign security risk due to currency
fluctuations, lower liquidity, political and economic uncertainties
and differences in accounting standards. Subject to liquidity
risk.
CONTACT: Robert Klemens
Vice President, Communications
media@cohenandsteers.com
Website: https://www.cohenandsteers.com
Symbols: NYSE: CNS
4278686
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SOURCE Cohen & Steers, Inc.
