Cohen & Steers CNS reported preliminary assets under management (AUM) of $62.1 billion as of Apr 30, 2020, which increased 8.3% from the prior-month level. Market appreciation of $4.2 billion and net inflows of $744 million were partially offset by distributions of $198 million.The company recorded total institutional accounts of $27 billion at the end of April, up 7.8% on a sequential basis. Of the total institutional accounts as of Apr 30, advisory accounts were $14.1 billion, while the rest were sub-advisory.Cohen & Steers recorded $26.8 billion in open-end funds, up 9.1% from $24.6 billion a month ago. Also, close-end funds came in at $8.3 billion, which grew 7.4% from March 2020.Cohen & Steers’ widespread product offerings, global reach and investment strategies continue to attract investors, in turn supporting revenue growth. However, mounting expenses will likely impede bottom-line growth to some extent. Further, the current tough operating backdrop is a matter of concern.Shares of the company have rallied 1.8% so far this year against 14.5% decline of the industry it belongs to.Currently, Cohen & Steers carries a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Among other asset managers, Franklin Resources, Inc. BEN, Invesco Ltd. IVZ and Legg Mason Inc. LM are expected to release preliminary AUM results for April in the coming days.More Stock News: This Is Bigger than the iPhone!It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Franklin Resources Inc (BEN): Free Stock Analysis Report Legg Mason Inc (LM): Free Stock Analysis Report Invesco Ltd (IVZ): Free Stock Analysis Report Cohen Steers Inc (CNS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research