Cohen & Steers MLP & Energy
Opportunity Fund becomes the
Cohen & Steers Future of Energy Fund
NEW
YORK, April 2, 2024 /PRNewswire/ -- Cohen &
Steers, Inc. (NYSE: CNS) announced today the launch of the
Cohen & Steers Future of Energy Strategy, focused on providing
a dynamic allocation to both traditional and alternative
energy.
Significant growth in demand, government policy initiatives and
changing consumer preferences are forcing the energy industry to
evolve dramatically. As a result, the Cohen & Steers MLP
& Energy Opportunity Fund (NYSE: MLOIX) has transitioned to the
Cohen & Steers Future of Energy Fund (the "Fund"), which
will invest in listed traditional and alternative energy companies
across the energy spectrum. The Cohen & Steers Future
of Energy strategy represents the evolution of the energy sector
and the roles that both traditional and alternative energy must
play in satisfying growing demand.
Tyler Rosenlicht, Portfolio
Manager, said:
"We believe a dynamic, actively managed portfolio with
investments that span the full energy investment universe should
provide investors with a superior allocation to the sector. Our
strategy is grounded in a fundamental view on how the industry will
evolve and driven by allocations between traditional and
alternative energy as well as alpha from stock selection amidst
secular change."
Joseph Harvey, Chief Executive
Officer and President, said:
"We think there are significant flaws in existing energy
strategies, which often limit investments to either traditional or
alternative energy and result in highly concentrated and volatile
portfolios. As such, we see an opportunity to redefine the energy
fund landscape by offering financial advisors and their clients a
diversified approach in the
Cohen & Steers Future of Energy
Strategy."
The Fund's investment objective is to provide attractive total
return, comprised of income and price appreciation. The Fund seeks
to achieve its investment objective by investing at least 80% of
its net assets in equity securities of energy companies, including
traditional, alternative, renewable and clean energy companies,
natural resource companies, utilities and companies in associated
businesses.
The Fund continues to be managed by portfolio managers
Tyler Rosenlicht and Ben Morton and is supported by a team of 10
investment professionals who specialize in covering the energy
sector across listed infrastructure, natural resource equities and
sustainable investments.
To learn more about the evolution of the global energy markets,
please visit the Cohen & Steers Energy Knowledge
Center on our website: cohenandsteers.com/energy.
To learn more about the Cohen & Steers Future of Energy
Fund, please visit the Fund page on our website:
cohenandsteers.com/futureofenergy.
About Cohen & Steers. Cohen & Steers is a leading
global investment manager specializing in real assets and
alternative income, including listed and private real estate,
preferred securities, infrastructure, resource equities,
commodities, as well as multi-strategy solutions. Founded in 1986,
the firm is headquartered in New York
City, with offices in London, Dublin, Hong
Kong, Tokyo and
Singapore.
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 may be obtained, free of charge, by visiting
cohenandsteers.com or by calling 800.330.7348. Please read the
summary prospectus and prospectus carefully before
investing.
Effective March 28, 2024, the
name, principal investment strategies and principal investment
risks of the Fund changed. The investment objective of the Fund has
not changed and remains to provide attractive total return,
comprised of current income and price appreciation. The Fund seeks
to achieve its investment objective through investments in
securities of energy companies, including traditional-,
alternative-, renewable- and clean-energy companies, natural
resource companies, utilities, and companies in associated
businesses.
Energy Important Risk Considerations: Investing
involves risk, including entire loss of capital invested. There can
be no assurance that the investment strategy will meet its
investment objectives. Diversification is not guaranteed to ensure
a profit or protect against loss. An investment in the energy
sector involves risks that differ from a similar investment in
equity securities, such as common stock, of a corporation.
Investors will subject to more risks related to the energy sector
than if the Fund were more broadly diversified over numerous
sectors of the economy. A downturn in the energy sector of the
economy could have a larger impact on the Fund than on an
investment company that does not concentrate in the sector. At
times, the performance of securities of companies in the sector has
lagged the performance of other sectors or the broader market as a
whole. Energy sector investments can be volatile due to
fluctuations in commodity prices, availability of resources,
slowdowns in construction, reduced demand for energy products,
regulatory changes, extreme weather or natural disasters, rising
interest rates and geopolitical events. Special risks of investing
in foreign securities include (i) currency fluctuations, (ii) lower
liquidity, (iii) political and economic uncertainties, and (iv)
differences in accounting standards. Certain foreign securities may
represent small- and medium-sized companies, which may be more
susceptible to price volatility and less liquid than larger
companies. The Fund is classified as a "non-diversified" fund under
the federal securities laws because it can invest in fewer
individual companies than a diversified fund. However, the Fund
must meet certain diversification requirements under the U.S. tax
laws.
Cohen & Steers Capital Management, Inc. (Cohen &
Steers) is a U.S. registered investment advisory firm that provides
investment management services to corporate retirement, public and
union retirement plans, endowments, foundations and mutual funds.
Cohen & Steers U.S. registered open-end funds are distributed
by Cohen & Steers Securities, LLC and are only available
to U.S. residents.
Website: https://www.cohenandsteers.com
Symbols: NYSE: CNS, MLOAX, MLOCX, MLOIX, MLORX, MLOZX
View original
content:https://www.prnewswire.com/news-releases/cohen--steers-announces-the-future-of-energy-strategy-302104871.html
SOURCE Cohen & Steers, Inc.