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October 2018
Two Strategies From a Leading Manager of Preferred Securities

For investors seeking the benefits of preferred securities, including the potential for high, tax-advantaged income, we offer two strategies that share a common investment process and are managed by the same experienced team—but have distinct investment characteristics and placements on the yield/duration curve.

October 2018
Two Funds From a Leading Manager of Preferred Securities

For mutual fund investors seeking the benefits of preferred securities, including the potential for high, tax-advantaged income, we offer two products that share a common investment process and are managed by the same experienced team—but have distinct investment characteristics and placements on the yield/duration curve.

September 2018
The Case for Preferred Securities

Preferred securities are fixed-income investments, but with certain equity characteristics such as deeper subordination in the capital structure. Investors are compensated with notably high rates of income. Despite preferreds’ long stated lives, abundant fixed-to-floating-rate preferred instruments can significantly diminish interest-rate risk in diversified portfolios. Since many preferreds pay legal dividends, preferreds can also offer significant tax advantages.

August 2018
The Case for Preferred Securities

Many preferred securities (also known as capital securities or hybrids) offer yields of 5–6% or more, largely from investment-grade issuers, yet the complex and often misunderstood asset class is typically underutilized by institutional investors. 

August 2018
How Institutional Investors Can Benefit From Preferred Securities

Many preferred securities offer yields of 5–6% or more, largely from investment-grade issuers, yet the complex and often misunderstood asset class is typically underutilized by institutional investors. We discuss how preferreds may improve income profiles and risk-adjusted returns within diversified portfolios due to their unique and complementary characteristics.

August 2018
The Case for Preferred Securities in an Institutional Asset Allocation

Many preferred securities offer yields of 5–6% or more, largely from investment-grade issuers, yet the complex and often misunderstood asset class is typically underutilized by institutional investors. We discuss how preferreds may improve income profiles and risk-adjusted returns within diversified portfolios due to their unique and complementary characteristics.

July 2018
Meeting the Rising Rates Challenge

With interest rates more volatile and potentially moving higher, we believe preferred securities are well positioned relative to many other fixed income investments thanks to their high income, wide credit spreads and variety of lower-duration structures.

June 2018
Four Strategies for Fighting Inflation

The transition to the later stages of the business cycle calls for creative portfolio solutions to hedge against increased inflation risk. We highlight four ideas: global real estate securities, low-duration preferred securities, global listed infrastructure and multi-strategy real assets.

May 2018
Four Strategies for Fighting Inflation

The transition to the later stages of the business cycle calls for creative portfolio solutions to hedge against increased inflation risk. We highlight four ideas: global REITs, low-duration preferred securities, midstream energy and multi-strategy real assets.

February 2018
Why Preferreds and High Yield Make a Great Pair

With many investors turning to risky bonds for yield, being diversified may be more important than ever. For a more balanced portfolio, consider pairing high yield bonds with preferred securities, which offer attractive tax-advantaged income and have distinct characteristics that may complement traditional fixed income holdings.

March 2017
Managing Interest-Rate Risk in Preferred Securities

Improving global economic growth and the potential for new stimulus policies in the U.S. may push interest rates higher over time. We believe important keys to navigating the potential impact of higher rates on preferred securities include structure selection and the active management of credit risk. We discuss these and other elements of our toolkit below.

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Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions.

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You also acknowledge that you will be shown information on Cohen & Steers funds offered inside the United States. These funds have not been authorized for distribution in any country outside the United States and are not available for purchase by non-US persons, who may experience adverse tax consequences as a result of such investment.

By choosing this option, you acknowledge that you will be shown information on Cohen & Steers funds offered outside the United States. The information is intended only for use by institutional and professional investors outside the United States and their advisors. This information is not intended for retail investors in jurisdictions in which these funds are not authorized for distribution or in which the dissemination of information regarding the funds is not permitted.

You also acknowledge that you will be shown information on Cohen & Steers funds offered inside the United States. These funds have not been authorized for distribution in any country outside the United States and are not available for purchase by non-US persons, who may experience adverse tax consequences as a result of such investment.

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