Cohen & Steers CNS reported preliminary assets under management (AUM) of $57.4 billion as of Mar 31, 2020, which decreased 17.2% from the prior-month level. Market depreciation of $11.7 billion and distributions of $285 million were partially offset by net inflows of $109 million.The company recorded total institutional accounts of $25 billion at the end of March, down 15.7% on a sequential basis. Of the total institutional accounts as of Mar 31, advisory accounts were $13 billion, while the rest were sub-advisory.Cohen & Steers recorded $24.6 billion in open-end funds, down 18.5% from $30.1 billion in the prior month. Also, close-end funds came in at $7.8 billion, declining 17.5% from February 2020.Cohen & Steers’ widespread product offerings, global reach and investment strategies continue to attract investors, in turn supporting revenue growth. However, mounting expenses — mainly due to its continued expansion efforts — will likely impede bottom-line growth to some extent.Shares of the company have rallied 4.2% over the past year against 24.7% decline of the industry it belongs to.Currently, Cohen & Steers carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Among other asset managers, Franklin Resources, Inc. BEN also reported fall in preliminary month-end AUM balance. The company’s AUM balance as of Mar 31, 2020 declined 11.6% sequentially to $580.2 billion. The decrease was largely due to sharp market declines.Invesco Ltd. IVZ and Legg Mason Inc. LM are expected to release preliminary AUM results for March in the coming days.Biggest Tech Breakthrough in a GenerationBe among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.See 8 breakthrough stocks now>>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