Cohen & Steers Launches Commodities Mutual Fund

NEW YORK, May 8, 2014 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) announced today the launch of Cohen & Steers Active Commodities Strategy Fund, Inc. (the "Fund"), an open-end mutual fund invested in commodities futures. The Fund is available in four share classes, as listed below with their NASDAQ symbols:

The Fund is managed by Cohen & Steers' four-member commodities research and investment team, co-led by Nicholas Koutsoftas and Benjamin Ross. The team employs an active, fundamentally based approach in a long-biased strategy, which they have been managing for a broad range of investors for eight years. Starting with fundamental analysis of each commodity, the team builds fully collateralized portfolios that are enhanced through the strategic use of spread positions, which involve the simultaneous buying and selling of two related commodities. The performance of the Fund will be benchmarked to the Dow Jones-UBS Commodity Index Total Return.

According to Robert Steers, Chief Executive Officer, "The launch of this Fund marks the next step in our long-term vision for Cohen & Steers­, as a preeminent provider of liquid real assets solutions. Over the past two decades, we have been carefully building out a comprehensive lineup of strategies across multiple platforms that serve a broad base of institutional and individual investors. Today, our core capabilities expand well beyond the Firm's deep roots in real estate to include commodities, listed infrastructure and MLPs. We believe that the complementary investment characteristics of these real assets provide an ideal combination for investors seeking diversification beyond broad equities and fixed income—and a potential hedge against long-term inflation."

Cohen & Steers Capital Management, Inc. is a wholly owned subsidiary of Cohen & Steers, Inc., a publicly traded company whose common stock is listed on the New York Stock Exchange under the symbol "CNS."
Cohen & Steers managed approximately $49.0 billion in assets as of March 31, 2014.

Please consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. A summary prospectus and prospectus containing this and other information may be obtained, free of charge, by calling 800.330.7348 or by visiting cohenandsteers.com. Please read the summary prospectus or prospectus carefully before investing.

Cohen & Steers Securities, LLC, distributor.

Risks of Investing in Commodities

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.

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.

About Cohen & Steers

Founded in 1986, Cohen & Steers is a leading global investment manager with a long history of innovation and a focus on real assets, including real estate, infrastructure and commodities. Headquartered in New York City, with offices in London, Hong Kong, Tokyo and Seattle, Cohen & Steers serves institutional and individual investors around the world.

For more information please visit cohenandsteers.com.

SOURCE Cohen & Steers, Inc.; Cohen & Steers Active Commodities Strategy Fund, Inc.