Cohen & Steers, Inc. (NYSE: CNS) stock is witnessing a significant uptick during the current session, registering a surge of 8.70% to reach $71.86 as of the last check. This upward trajectory in CNS stock value on the US stock charts occurred as the news emerged that the company is set to be include in a major index.

Cohen & Steers (CNS) has unveiled that the S&P SmallCap 600 will now include CNS. Cohen & Steers will be added to the index taking Kaman Corp's place. The replacement will go into effect before Tuesday, April 23, when trading opens. This action follows the scheduled purchase of Kaman by Arcline Investment Management LP, which is expected to close on April 19, subject to final closing conditions.

Concurrent with this business move, CNS recently unveiled its groundbreaking Cohen & Steers Future of Energy Strategy. This plan has been carefully designed to provide a flexible allocation that covers the conventional and alternative energy markets. Driven by rising demand, changing consumer tastes, and governmental policy interventions, the energy business is poised for a substantial transition.

Consequently, the Cohen & Steers MLP & Energy Opportunity Fund (NYSE: MLOIX) has undergone a metamorphosis into the Cohen & Steers Future of Energy Fund (the "Fund"). The Fund's modus operandi entails investments in listed entities spanning the traditional and alternative energy spectrum.

This strategic realignment underscores CNS's commitment to acknowledging the evolving energy landscape and the indispensable roles traditional and alternative energy sources must play in satiating burgeoning demand. The overarching investment objective of the Fund is to furnish an enticing total return, comprising income and price appreciation.

This objective is pursued by allocating a minimum of 80% of its net assets to equity securities of energy enterprises, encompassing conventional, alternative, renewable, and environmentally friendly entities, alongside natural resource firms, utilities, and allied businesses.

This strategic initiative is poised to redefine the energy fund landscape, positioning CNS as a trailblazer in offering financial advisors and their clientele a multifaceted approach within the Cohen & Steers Future of Energy Strategy.