John Cheigh on investment research
From Jon Cheigh, Chief Investment Officer at Cohen & Steers Joins NYSE TV Live · · New York Stock Exchange
“We've done research called FOMO Reversals of Fortune showing a perfect track record that simply following the last 10 years' winners is not a good solution. Instead, focus on where valuations are attractive, like real estate, natural resource equities, and preferreds, because valuations have repriced.”
On , John Cheigh, President & Chief Investment Officer at COHEN & STEERS INC, spoke about investment research during Jon Cheigh, Chief Investment Officer at Cohen & Steers Joins NYSE TV Live on New York Stock Exchange.
About John Cheigh
Jon Cheigh, President and Chief Investment Officer at Cohen & Steers, appeared on NYSE TV Live on February 17, 2025, to discuss the firm's launch of three new active exchange-traded funds (ETFs) focused on real estate, preferred securities, and natural resource equities. Cheigh stated that the firm, which he described as a specialist asset manager in real assets and alternative income since 1986, had not previously offered active ETFs. He said the launch was in response to investor demand and that the firm aims to offer a more global opportunity set than existing strategies. Cheigh advised investors to focus on long-term portfolio positioning rather than short-term market movements, citing the firm's research on "FOMO Reversals of Fortune" which he said shows that following recent winners is not a good strategy. He characterized valuations in real estate, natural resource equities, and preferreds as having repriced and become attractive, while noting that U.S. equities have become less attractive after strong recent performance. Cheigh also commented that the recent rise in interest rates has hurt some of the firm's asset classes but is now in the past, and that factors such as immigration and tariffs are not expected to have significant negative impacts on real estate, infrastructure, or preferred securities.