The Strategy invests in securities backed by tangible real assets, with the objective of achieving attractive total returns over the long term, while maximizing the potential for real returns in periods of rising inflation.
Invests primarily in core real asset categories, consisting of:
- Global real estate securities (20-35%)
- Commodities (20-35%)
- Global natural resource equities (10-20%)
- Global listed infrastructure and MLPs (10-20%)
Includes additional assets for portfolio diversification and risk management:
- Short duration credit (0-20%)
- Gold (0-10%)
Our research-based approach to real assets
We believe the need to diversify beyond stocks and bonds will take on greater importance in the years to come. Our research suggests that adding real assets as a core component of investors’ long-term investable assets may offer complementary diversification potential. Our risk-managed approach to liquid real assets is grounded in active management, combining top-down tactical views with bottom-up fundamental analysis.
Why invest with us
Cohen & Steers’ expertise is focused on alternative investment strategies classified as real assets. Our dedicated investment professionals manage client assets in commercial real estate, commodities, natural resource equities and global listed infrastructure, among others. History has shown that single-strategy real assets solutions can be volatile, which, in our view, can make it difficult to manage risk and maintain adequate diversification. Cohen & Steers approaches core real asset categories as a single, unified asset class that is best managed by pursuing both traditional active security selection and tactical asset allocation opportunities within a diversified, risk-managed framework.
|Vince Childers||Senior Vice President, Portfolio Manager||New York||Bio|
|Jon Cheigh||Executive Vice President, Portfolio Manager||New York||Bio|
|Nick Koutsoftas||Senior Vice President, Portfolio Manager||New York||Bio|
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The views and opinions in the preceding commentary are subject to change and represents an assessment of the market environment at a specific point in time, should not be relied upon as legal, investment or tax advice and is not intended to predict or depict performance of any investment. We consider the information to be accurate, but we do not represent that it is complete or should be relied upon as the sole source of suitability for investment. Investors should consult their own advisors with respect to their individual circumstances. There is no guarantee that any historical trend illustrated above 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 a market forecast made in this commentary will be realized.
Please consider the investment objectives, risks, charges and expenses of any Cohen & Steers fund carefully before investing. A summary prospectus and prospectus containing this and other information can be viewed by clicking here or may be obtained by calling 800-330-7348. Please read the prospectus carefully before investing.
Risks of Investing in Real Assets Securities
A real assets strategy is subject to the risk that its asset allocations may not achieve the desired risk-return characteristic, underperform other similar investment strategies or cause an investor to lose money. The strategy is subject to the risks associated with investments in real estate securities, commodities and natural resource equities, among other investments. The risks of investing in REITs are similar to those associated with direct investments in real estate securities. Property values may fall due to increasing vacancies, declining rents resulting from economic, legal, tax, political or technological developments, lack of liquidity, limited diversification and sensitivity to certain economic factors such as interest rate changes and market recessions An investment in commodity-linked derivative instruments may be subject to greater volatility than investments in traditional securities, particularly if the instruments involve leverage. The value of commodity-linked derivative instruments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments. The use of derivatives presents risks different from, and possibly greater than, the risks associated with investing directly in traditional securities. Among the risks presented are market risk, credit risk, counterparty risk, leverage risk and liquidity risk. The use of derivatives can lead to losses because of adverse movements in the price or value of the underlying asset, index or rate, which may be magnified by certain features of the derivatives. The market value of securities of natural resource companies may be affected by numerous factors, including events occurring in nature, inflationary pressures and international politics. Because the strategy invests significantly in natural resource companies, there is the risk that the strategy will perform poorly during a downturn in the natural resource sector. Please read the Fund’s prospectus for additional information.
Futures Trading Is Volatile, Highly Leveraged and May Be Illiquid. Investments in commodity futures contracts and options on commodity futures contracts have a high degree of price variability and are subject to rapid and substantial price changes. Such investments could incur significant losses. There can be no assurance that the options strategy will be successful. The use of options on commodity futures contracts is to enhance risk-adjusted total returns. The use of options, however, may not provide any, or only partial, protection for market declines. The return performance of the commodity futures contracts may not parallel the performance of the commodities or indexes that serve as the basis for the options it buys or sells; this basis risk may reduce overall returns.
Cohen & Steers open-end funds are distributed by Cohen & Steers Securities, LLC.