Cohen & Steers Closed-End Opportunity Fund is a close-ended fund of funds launched by Cohen & Steers Inc. It is managed by Cohen & Steers Capital Management, Inc. The fund invests in funds investing in public equity markets.
It also invests in funds investing in convertible securities, preferred securities, high yield securities and real estate, energy, utility, and equity or income-oriented strategies. The fund makes its investments in funds investing across diversified sectors.
It seeks to invest in undervalued funds with market capitalization generally greater than $200 million. The fund employs quantitative analysis to make its investments. It benchmarks the performance of its portfolio against the S&P 500 Index and the Morningstar U.S. All Taxable Ex-Foreign Equity Index.
The fund conducts in-house research to create its portfolios. Cohen & Steers Closed-End Opportunity Fund, Inc. was formed on September 14, 2006 and is domiciled in the United States.
What does Cohen & Steers Closed-End Opportunity Fund (FOF) do?
Cohen & Steers Closed-End Opportunity Fund (ticker: FOF) is a closed-end fund of funds that invests primarily in other funds rather than directly in individual securities. It is managed by Cohen & Steers Capital Management, Inc. and focuses on undervalued funds with market capitalizations generally greater than $200 million. The fund targets public equity markets and also invests in funds that specialize in convertible securities, preferred securities, high yield securities, real estate, energy, utilities, and equity or income-oriented strategies. It employs quantitative analysis and in-house research to construct its portfolio, and benchmarks its performance against the S&P 500 Index and the Morningstar U.S. All Taxable Ex-Foreign Equity Index.
Where is Cohen & Steers Closed-End Opportunity Fund listed and in which currency?
Cohen & Steers Closed-End Opportunity Fund is listed on the New York Stock Exchange (NYSE) under the ticker symbol FOF. The fund trades in U.S. dollars (USD), which is the currency of its primary listing and operational currency. As a U.S.-domiciled fund, all its assets, liabilities, and distributions are denominated in USD, making it accessible to investors trading on U.S. exchanges.
What sector and industry does Cohen & Steers Closed-End Opportunity Fund belong to?
Cohen & Steers Closed-End Opportunity Fund operates in the Financial Services sector and is classified under the Asset Management industry. As a closed-end fund of funds, its primary business is managing a portfolio of other investment funds, which falls under the broader asset management category. The fund's activities include selecting, monitoring, and rebalancing investments in various underlying funds that cover multiple asset classes and strategies, such as equities, fixed income, and real estate.
Where is Cohen & Steers Closed-End Opportunity Fund headquartered and what markets does it serve?
Cohen & Steers Closed-End Opportunity Fund is domiciled in the United States and was formed on September 14, 2006. It is launched by Cohen & Steers Inc., a well-known asset management firm. The fund primarily serves U.S. investors and is listed on the NYSE, but it may also attract international investors seeking exposure to a diversified portfolio of closed-end funds. Its investments are focused on funds that invest in U.S. and possibly global public equity markets, though the summary does not specify geographic restrictions beyond the U.S. domicile.
How does Cohen & Steers Closed-End Opportunity Fund generate returns?
Cohen & Steers Closed-End Opportunity Fund generates returns by investing in a diversified portfolio of other closed-end funds and investment vehicles. It seeks to identify undervalued funds with market capitalizations typically above $200 million, using quantitative analysis and in-house research. The fund allocates capital across funds that invest in convertible securities, preferred securities, high yield bonds, real estate, energy, utilities, and equity or income-oriented strategies. By holding a basket of such funds, it aims to provide investors with broad exposure to various asset classes while potentially benefiting from discounts or inefficiencies in the closed-end fund market. The fund's performance is benchmarked against the S&P 500 Index and the Morningstar U.S. All Taxable Ex-Foreign Equity Index.