New YorkAnd 26 April 2022 /PRNewswire/ — Cohen & Steers, Inc. (NYSE: CNS) today announced that Cohen & Steers SICAV European Real Estate Securities Fund (“the Fund”) has been awarded the 2022 Refinitiv Lipper Fund Award in the Real Estate category in France And Switzerland. The fund has been recognized for its strong risk-adjusted performance for the ten-year period ending December 31, 2021. This is the fourth year in a row that the fund has won the Lieber Prize.
Roger Kerns, Head of Real Estate Europe and Senior Portfolio Manager, said:
We are honored to be recognized once again by Lipper for the continued strong performance of the fund providing attractive risk-adjusted returns to our investors, an achievement resulting from the dedication and efforts of our entire team in delivering investment excellence. We believe that European real estate securities are poised to play a potentially meaningful role in the defense against inflation while offering investors a strong relative return and total potential return.
The fund seeks to generate current income and increase capital by investing in real estate investment trusts and other publicly traded real estate companies headquartered in Europe and the United Kingdom, which Cohen and Stears believe offers attractive valuations and growth prospects. By investing in European markets, the fund seeks to take advantage of differences in economic sector cycles, country-specific properties, and the diversity of business models. In our view, these markets provide attractive opportunities for well-resourced, disciplined, and energetic managers to deliver consistent excess returns.
While past performance does not predict future returns, the fund has historically outperformed its benchmarks and UK direct property funds:
|
Net performance in EUR up to December 31, 2021 |
||||
|
1 year return |
3 years return |
5 years return |
10 years return |
|
|
Cohen & Steers SICAV European Real Estate Securities Fund – Class A |
24.06% |
16.81% |
13.24% |
14.64% |
|
Fund Standard(1) |
18.84% |
11.12% |
7.14% |
10.75% |
|
UK direct fund ownership broker(2) |
12.93% |
5.04% |
3.77% |
4.03% |
real estate category in France And Switzerland For a 10-year period that includes 29 and 19 funds, respectively.
This is a marketing communication. Please refer to the prospectus of Cohen & Steers SICAV and to KIID before making any final investment decisions.
About the Lipper Fund Awards. The Refinitiv Lipper Fund Awards, given annually, highlight funds and fund companies that have excelled in delivering strong, risk-adjusted performance compared to their peers.
The Refinitiv Lipper Fund Awards are based on the Lipper Leader’s consistent return rating, a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest value Lipper Leader for a fixed return (effective return) in each eligible rating wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com. Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, Refinitiv Lipper does not guarantee accuracy.
About Cohen and Stears SICAV Europe Real Estate Securities Fund. The fund is a subsidiary fund of Cohen & Steers SICAV, a LuxembourgHome Pledge for Collective Investment in Convertible Securities (UCITS). The Fund’s shares are offered only in accordance with the current prospectus and sales of Fund Shares may be restricted in some jurisdictions. In particular, shares may not be offered or sold, directly or indirectly in United State or to U.S. persons, as more fully described in the Fund’s prospectus. See the prospectus for additional information including important risk considerations, including potential loss of capital, and details about fees and expenses. Past performance is not a guarantee of future results.
About Cohen and Steers. Cohen & Steers is a leading global investment manager specializing in real estate assets and alternative income, including real estate, preferred securities, infrastructure, resource stocks and commodities as well as multi-strategy solutions. Founded in 1986, the company is headquartered in New York Cityand has offices in LondonAnd DublinAnd Hong Kong And Tokyo.
(1) Prior to 2/28/2005, the benchmark was the FTSE EPRA Nareit Developed Europe Real Estate Index. After that, the benchmark was the FTSE EPRA Nareit Developed Europe Real Estate Index (Net) until 9/30/20. Next, it is the FTSE EPRA Nareit Developed Europe UCITS Capped Net Tax Index.
(2) represents the average value of the subsequent performance as of 12/31/2021 For all funds in the Morningstar real estate category of EAA Fund Direct UK. UK direct trusts have the legal status of an investment trust, and invest directly in and/or manage real estate (ie they directly own or manage “brick and mortar” real estate). At least 50% of total assets are invested directly in UK real estate.
This material should not be relied upon as investment advice, does not constitute a recommendation to buy or sell a security or other investment and is not intended to predict or depict the performance of any investment. It does not constitute investment advice, a recommendation or an offer. We consider the information in this communication to be accurate, but we do not represent that it is complete or should be relied upon as the sole source of investment suitability.
Past performance does not anticipate future returns. If the currency in which past performance is displayed differs from the currency of the country in which the investor resides, the investor should be aware that due to exchange rate fluctuations, the displayed performance may be higher or lower if converted into the investor’s home currency. The risks involved in investing, including the potential loss of capital, are significant and must be carefully considered. The fund is actively managed. The composition of the fund is not limited by the composition of the reference standard
Cohen & Steers Ireland Limited Cohen & Steers SICAV (“Management Company”) is a management company authorized and regulated by the Central Bank of Ireland (No. C188319). Company appointed management Cohen and Steers UK Limitedauthorized and regulated by the Financial Conduct Authority (FRN458459), as the distributor of the Fund’s shares. Cohen & Steers Capital Management, Inc. is a US registered investment advisory firm that provides investment management services for corporate retirement, public retirement plans, syndicates, endowments, foundations and mutual funds. Cohen & Steers Asia Limited Licensed and regulated by the Securities and Futures Commission in Hong Kong (ALZ367). Cohen and Steers Japan Ltd. It is a registered financial instrument operator (investment advisory, agency business and discretionary investment management business with the Financial Services Agency in Japan and Kanto Municipal Financial Bureau No. 3157) and a member of the Japan Investment Advisers Association.
for investors in Switzerland: The fund’s origin status is Luxembourg. at SwitzerlandThe representative is ACOLIN Fund Services AG, Leutschenbachstrasse 50, CH-8050 Zurichwhile the payment agent is Helvetische Bank AG, Seefeldstrasse 215, CH-8008, Zurich. The prospectus, background sheet, key investor information documents and articles of association as well as annual and semi-annual reports may be obtained free of charge from the representative. In relation to units offered in or from SwitzerlandThe place of performance and jurisdiction at the representative’s registered office. This document provides investors with information about the lead investor. It is not a marketing material.
This communication is not contractually binding or required by law. This connection is not enough to make an investment decision. For more information on the Cohen & Steers SICAV, please visit our website located here (https://www.cohenandsteers.com/), where you can get a copy of the latest prospectus (https://www.cohenandsteers.com/) / literature / non-US funds) and KIID documents. Investors and potential investors can obtain an English-language summary of investor rights, and information on access to collective compensation mechanisms if any, in the prospectus. The Director may decide to terminate any arrangements made to market the Shares in one or more jurisdictions as directed by UCITS, which may be amended from time to time.
Website: https://www.cohenandsteers.com
Symbols: NYSE: CNS
