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Cohen & Steers Launches SICAV Short Duration Preferred Income Fund
CNSCohen & Steers(CNS) Prnewswire·2025-03-03 09:00

Core Viewpoint - Cohen & Steers, Inc. has launched the Cohen & Steers SICAV Short Duration Preferred Income Fund, marking its second fund focused on the preferred securities market for UCITS investors, following the launch of the Cohen & Steers SICAV Preferred Income Fund in 2017 [1][4]. Company Overview - Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, managing 18.3billioninpreferredsecuritiessince2003[4][7].−ThefirmisheadquarteredinNewYorkCityandhasofficesinmultiplegloballocationsincludingLondon,Dublin,HongKong,Tokyo,andSingapore[7].FundDetails−Thenewfundaimstoprovidehighcurrentincomeandcapitalpreservation,focusingoninvestment−grade,institutionalpreferredswithatargetdurationoflessthanthreeyears[3].−ThefundismanagedbyElaineZaharis−Nikas,alongwithPortfolioManagersJerryDorostandRobertKastoff[3].MarketInsights−Thepreferredsecuritiesmarketisvaluedat18.3 billion in preferred securities since 2003 [4][7]. - The firm is headquartered in New York City and has offices in multiple global locations including London, Dublin, Hong Kong, Tokyo, and Singapore [7]. Fund Details - The new fund aims to provide high current income and capital preservation, focusing on investment-grade, institutional preferreds with a target duration of less than three years [3]. - The fund is managed by Elaine Zaharis-Nikas, along with Portfolio Managers Jerry Dorost and Robert Kastoff [3]. Market Insights - The preferred securities market is valued at 1.2 trillion, with significant opportunities driven by attractive market fundamentals and an increase in new issuances from institutional and non-financial companies [2][3]. - Preferred securities offer high yields, stable income, portfolio diversification, and low correlation to the broader fixed income market [2].