Cohen & Steers Expands into South Africa with Three Real Asset Funds
Event summary
- Cohen & Steers received Section 65 approval from South Africa's FSCA to market three real asset funds in the country.
- The approved funds include the Global Listed Infrastructure Fund, Global Real Estate Securities Fund, and Diversified Real Assets Fund.
- Cohen & Steers has grown its SICAV (UCITS) assets by over 500% in the past five years.
- The firm now offers funds across the UK, EMEA, Asia, and South Africa.
The big picture
Cohen & Steers' expansion into South Africa aligns with its strategy of broadening its global reach in real asset investments. The move comes as investors increasingly seek inflation-protected and diversified portfolios, particularly in emerging markets. With over 500% growth in SICAV assets over five years, the firm is positioning itself as a key player in the real assets space. The approval from South Africa's FSCA underscores the firm's ability to navigate regulatory environments, further strengthening its international presence.
What we're watching
- Market Penetration
- How Cohen & Steers will leverage its existing global footprint to attract South African investors seeking diversification and inflation protection.
- Regulatory Compliance
- Whether the firm can maintain compliance with South Africa's regulatory requirements while expanding its fund offerings.
- Asset Growth
- The pace at which Cohen & Steers can increase assets under management in South Africa, given the competitive landscape.
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