Cohen & Steers Converts Energy Fund to Active ETF, Expanding Platform to $1B AUM
Event summary
- Cohen & Steers converted its Future of Energy mutual fund (MLOIX) into the Cohen & Steers Future of Energy Active ETF (CSEN), listed on Nasdaq on June 15, 2026.
- CSEN launched with $189 million in assets, expanding Cohen & Steers' active ETF platform to over $1 billion in AUM.
- The new ETF is based on the firm's 'energy addition' thesis, targeting opportunities across traditional and alternative energy sources.
- Cohen & Steers now offers five active ETFs, including real estate, infrastructure, natural resources, and preferred income strategies.
The big picture
Cohen & Steers' conversion of its energy fund to an active ETF reflects the broader industry shift toward actively managed ETFs, particularly in dynamic sectors like energy. The move positions the firm to capitalize on rising global energy demand by offering investors specialized, research-driven exposure to both traditional and alternative energy sources. With over $1 billion in active ETF assets, Cohen & Steers is solidifying its leadership in real assets and alternative income strategies.
What we're watching
- Sector Valuation
- Whether the energy sector's attractive valuation can sustain investor interest in CSEN.
- Platform Growth
- The pace at which Cohen & Steers can scale its active ETF platform beyond $1 billion in AUM.
- Competitive Positioning
- How CSEN differentiates itself in the crowded energy-focused ETF market.
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