Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Cohen & Steers Reaches Beyond Comfort Zone Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, December 15, 2004

Cohen & Steers Reaches Beyond Comfort Zone

by: Theresa Sim

Cohen & Steers is looking to expand outside of its comfort zone of real estate investment trusts and more recently, utilities. The New York-based REIT specialist is readying to launch a combined REIT and common equity closed-end fund and a global REIT fund in January.

Although managers of the Dividend Majors Fund will invest from 35 to 65 percent of portfolio assets in dividend-yielding equities and 35 to 65 percent in REITs, investors can think of the new product as a "50-50 fund" said Martin Cohen, co-chief executive officer of Cohen & Steers.

Managers will look for companies that have offered consistent or increasing dividends over the last five years, said Cohen. Merrill Lynch is the lead underwriter for the Dividend Majors Fund.

Cohen & Steers will also likely launch a new open-ended REIT fund in January. The Global Income Realty Fund will offer U.S. investors the opportunity to gain exposure abroad, and provide foreign investors to gain access to the U.S. REIT market. Managers of the Global Income Realty Fund will invest a size- and opportunity-proportional amount of the portfolio's assets in U.S. REITs, said Cohen.

Countries with REIT structures in place include: Australia, the Netherlands, Belgium, Canada, Singapore, Japan, Korea, France and Hong Kong. The United Kingdom, Finland, Germany, Italy and Spain are all considering implementing REITs, said Cohen.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use