AllianceBernstein Holding L.P. AB announced assets under management (AUM) for April 2020. The company’s preliminary month-end AUM of $576 billion increased 6.3% from the prior month. Total net inflows and favorable markets were primarily responsible for this rise.The reported monthly AUM also reflects $0.3 billion in outflows from AXA S.A.'s redemption of certain low-fee fixed income mandates.At the end of the reported month, AllianceBernstein’s Equity AUM grew 11.6% sequentially to $211 billion. Fixed Income AUM also increased 2.7% from March 2020 to $300 billion. Others AUM (including certain multi-asset services and solutions, and some alternative investments) was up 6.6% from the prior month to $65 billion.In terms of channel, month-end Institutions AUM of $273 billion was up 6.2% from March 2020. Retail AUM increased 6.5% on a sequential basis to $212 billion and Private Wealth AUM grew 5.8% to $91 billion.Improvement in AUM and higher revenues are expected to support AllianceBernstein’s financials. So far this year, the stock has lost 26.6% compared with the industry’s decline of 15.1%.AllianceBernstein currently carries a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Performance of Other Asset ManagersCohen & Steers CNS reported preliminary AUM of $62.1 billion on Apr 30, 2020, increasing 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.Franklin Resources BEN reported a rise in preliminary month-end AUM balance. The company’s AUM balance as of Apr 30, 2020 increased 3.3% sequentially to $599.4 billion. The rise was largely driven by strong market performance and increase in net outflows.Invesco’s IVZ preliminary month-end AUM of $1,118.6 billion for April 2020 represents a 6.2% increase from the previous month. The rise was primarily driven by foreign exchange and favorable market returns.Just Released: Zacks’ 7 Best Stocks for TodayExperts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.1% per year.These 7 were selected because of their superior potential for immediate breakout.See these time-sensitive tickers 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 AllianceBernstein Holding LP (AB): 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