AllianceBernstein (AB) witnesses a solid improvement in the May 2024 AUM balance driven by upbeat markets and inflows.
AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management increased to $757 billion during May 2024 from $736 billion at the end of April. The 3% increase was driven by market appreciation and firmwide net inflows. By channel, net inflows in Retail and Institutions were partially offset by slight net outflows in Private Wealth.
AllianceBernstein Holding L.P. (NYSE: AB) and AllianceBernstein L.P., a leading global investment management firm, announced today the launch of two actively managed exchange-traded funds (ETFs) on the New York Stock Exchange: AB Short Duration Income ETF [NYSE: SDFI] and AB Short Duration High Yield ETF [NYSE: SYFI]. Global trading firm Jane Street will be the Lead Market Maker on these products.